INDEX:NKY   Nikkei 225 Index
63 1 1
Although the overall trend is bearish (observe to downward sloping black W1 TL), this index seems to be in a counter-trend ascending channel (or rather, forming a Bearish Flag). From the inherent inverse correlation with the Japanese Yen             , I expect to see all XXX/JPY rally higher as the Yen weakens. Upon a break and close beneath this channel (lime), I expect to see the JPY regain its strength and thus all XXX/JPY resume their plummet downwards.

Related Ideas

kew20
GBPJPY: Long
kew20 PRO about DXY 7 months ago
Citoles1000mg
6 months ago
I think a ''bearish flag’’ is more probable, as NIKKEI is more vulnerable than other stock markets, regarding the Chinese earthquakes that are not finished yet.. :)
All the expected upward recoveries seem to be suppressed -more or less- by the overall tendency for a long time..

Have a nice week ;)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out