Considering many positive factors in the worlds politics and economy JP225 has a great chance to rise in next week. Also, other indexes can rise, but JP225 has the greatest technical levels to minimize possible risk. If something important happens, I will update the post.
Price have broken below cyclical support, making new lows. Failure to close back above the cycle line would suggest a further decline in price.
Once again guys, we have another beautiful set up here.. oh btw, if you don't follow me already.. HIT THAT FOLLOW BUTTON. Right,Right.. Let's dive into the technicals. We have a nice Bullish run before price reaches that point of resistance where price starts to retrace bearish. As you have probably gathered, my strategy is simple and I would recommend everyone...
Chart says it all - Confluence!
NIKKEI - The drop suggests more upsides.
NIKKEI - Expecting new higher highs.
The Japanese index moves slightly bearish after to reach the 100% of the previous bullish move.
Nikkei looks to be on a desceding trend on the hourly chart. As we can see it broke downwards it's ascending trend and continued it's global image searching for lower lows, as it broke downwards an ascending trend developed in the daily chart. What we're looking here is that price has respected it's current trendline and failed to breakout ema's 50 giving out a...
JP225USD is approaching its support at 23491.4 (100% & 61.8% Fibonacci extension, 23.6%, 38.2% & 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 24549.6 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 8.4% where a corresponding bounce could occur.
MONTHLY CHART Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level. 21k also a fib respectation, so decent support to range between those levels for a while (potentially) Conclusion: View is...
Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance). RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce...
Could we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement,...
My mechanical Tradingsystem gives me a short Signal for JP225. Trade is active since 22164 with SL 22430. TP will be opposite Signal
MIDAS Top Finder accurately predicted the TOP in the accelerated trend. Pullback to S1 is now very likely. Visit MQL5.com if you want you buy MIDAS Trading Tools for MT4.
Looking to go short at H1 Supply which is also the top of the MIDAS Dispacement Curve fitted to first swing high.