As detailed in the BoJ meeting preview yesterday, the market is on edge for significant movement – case in point, USDJPY 1-day implied volatility (vol) currently sits at 49% - for context, this equates to a 279-pip move (higher or lower) on the day (with a 68% level of confidence), where the market feels fairly confident the upside should be contained into...
It looks like Nikkei is finally ready to start a correctional movement.
After a text of a key daily structure support, the price formed a double bottom and head & shoulders pattern.
Their neckline was broken with a high momentum bullish candle yesterday.
Bullish pressure will continue.
Goals: 27270 / 28050
❤️If you have any questions, please, ask me in the...
NIKKEI225 Weekly Volatility Analysis 12-16 Dec 2022
We can see that currently the implied volatility for this week is around 3.16%, up 2.05% from last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 38th percentile,
while according to VIX, we are on 25th percentile.
Based on this, we can expect that the...
Sometimes reality is clear in front of everyone you just need to rewind and take a look at history.
Cycles are like human habits they do not change unless the environment around them changes.
Enjoy the good times while they last, we have only months left.
We Have Learned Nothing.
NIK225 - 24h expiry - We look to Buy at 26840 (stop at 26560)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
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.
We therefore, prefer to fade into the dip with a...
NIK225 - 24h expiry - We look to Buy at 26030 (stop at 25770)
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.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
We look to buy dips....
NIKKEI has broken the resistance e of the triangle pattern on the daily graph, signaling a possible bullish movement with possible targets of 26380 and 26530. If this pattern does not get confirmed, a possible support might form at 25956.
MACD histogram is above 0 and RSI is above its 50 neutral line, both confirming the possibility of bullish trend.
Risk...
BUY ABOVE SELL BELOW AND SEE THE MAGIC.
SL AND TP ARE MENTIONED.
Follow this trade on your own risk if triangle is broke above go for long and if break below go short.
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 Buy at 25620 (stop at 25400)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at...
K225 - 21h expiry - We look to Sell at 26635 (stop at 26855)
Buying pressure from 25931 resulted in prices rejecting the dip.
The current move higher is expected to continue.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit...
As China reopening looms, maybe we get a boost too Japanese equities from here onwards...There's some interesting names, like Casio, whose line of luxury and more fashionable watches has been successful as of late. Definitely worth looking into it more. The index futures chart has a potential bottom signal in the short term at least, and with news of COVID zero...
The Daily RSI is pretty low
BoJ didn’t raise the interest rates
The market is trading withing range for over six months now.
With low Christmas volatility, the buyers might move the market to 27100- ish.
This is not a trading advice. Trading is risky, always do your own analisys before opening the trade.
NIK225 - 21h expiry - We look to Sell at 27925 (stop at 28140)
Buying pressure from 27410 resulted in prices rejecting the dip.
With the Ichimoku cloud resistance above we expect gains to be limited.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be...
After NIKKEI 225, rejected last months high on wednesday, i'm looking for a new high on NIKKEI Futures......
I believe we are in a good bull trend for NIKKEI
NIK225 - 22h expiry - We look to Buy at 27675 (stop at 27360)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading within a Bullish Channel formation.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Preferred...
After NIKKEI index rejected the 27850 mark with a bear spike from the previous three lows as shown.....i expect a correction of last week's sell for a new high.
