JP225 is already heavily overbought at the current pricepoint and an imminent correction is in order. NET buying has been fading.. 4h lower highs has been spotted -- conveying weakening long momentum. Expect some trim downs from this levels: 28400 TAYOR.
JP225 probable fall according to harmonic patterns and trend analysis.
NIK225 - 24h expiry - We look to Buy at 27855 (stop at 27635) We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close...
NIK225 - 24h expiry - We look to Buy at 28098 (stop at 27940) Price action continued to range between key support & resistance (25535 - 28653) and we expect this to continue. Short term bias is bullish. Bespoke support is located at 28098. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile. Our profit targets will be 28469 and...
Greetings, fellow traders! Today, we'll take a closer look at the JPN225 index . On the four-hour timeframe, we can see that the index has recently touched its resistance level and is now retracing. This presents a potential opportunity to enter a long position in anticipation of a bullish move. My analysis suggests that the index is likely to continue its...
The JAPAN225 (Nikkei index) is close to a significant resistance area, the possibility of a reversal or a change in the direction of the uptrend to a downtrend will increase. This is because a resistance area is a price level that has been tested before and successfully prevented the price from rising, so there is a possibility that this level will once again act...
NIK225 - 24h expiry - We look to Sell at 27310 (stop at 27425) Previous support level of 27266 broken. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Short term bias has turned negative. A higher correction is expected. We therefore, prefer to fade into the rally...
NIK225 - 24h expiry - We look to Sell at 27690 (stop at 27802) Buying pressure from 27266 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 27755. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment...
View On Nikkei Stock Index (13 Jan 2023) Japan Stock index Nikkei was in the good run recently and it had met with the decent resistant near 276,00 region. That is why we are seeing some pull back and it will go back UP anytime soon. I see 26,800 as a strong support region and we shall look only for LONG as long as that region hold the price well. Whenever...
NIK225 - 24h expiry - We look to Buy at 27205 (stop at 27110) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the...
NIK225 - 24h expiry - We look to Buy at 25690 (stop at 25570) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
The trendline is the most common part of technical analysis in forex trading. But when compared to support and resistance, trendlines are less commonly used. The trendline should be more significant due to the number of touches. Trendlines are very suitable in combination with several technical indicators, one of which is the Money Flow Index (MFI). MFI is an...
NIK225 - 20h expiry - We look to Sell at 28080 (stop at 28260) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
HELLO GUYS THIS MY IDEA 💡ABOUT JP225USD is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason...
NIK225 - 22h expiry - We look to Sell at 27390 (stop at 27610) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Previous resistance located at 27397. A lower correction is expected. The hourly chart technicals suggests further upside before the downtrend returns. We...
Good Morning Trader's ,, How Are You Today ? Let's Explain Together "JP225" Chart And Reasons To Long From This Area ! 1- What Is The Trend For Jp225 ? Now ,, It's In Upper Trend ,, Because We Break Out The Last resistance Area And Going To Next Level 2- Why We Will Buy From This Area ? We Have Break Out SMC Area And Resistance Area ,, So We Will Going To...
Jp225 is in downtrend and as you can see it is corrected the price(correction in 1H chart as well). And going to strong impulse asap.
Asia Pacific stock markets were mostly bullish on Monday (June 6th) morning as China eased COVID-19 restrictions, giving hope for the global economic recovery. Also, the upbeat US jobs report opens the door for the US Federal Reserve to remain decisive on inflation. Nikkei has breakout the resistance area. After several months inside the falling wedge area. So...