NKY: Long

INDEX:NKY   Nikkei 225 Index
68 1 2
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

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 ;)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out