Weaker than expected growth in Japan led to markets expecting policy by the BOJ to be kept loose. This recent breakout now puts the index in positive territory YTD and it is now at a 7-month high. The question remains whether this is a breakout to be faded or has legs to move higher? The RSI seems to be rolling over from overbought territory. This could...
Japan Economy Watchers Current Index was announced yesterday, below its forecast and also below its neutral line of 50, at 43.8, which can be used as a marker for downturn of the country's economy.
On a technical level Japan 225 CFD broke the support of the rising wedge pattern, also signaling a potential bearish move on the instrument. Both MACD and RSI...
Nikkei has been rallying in the last few days, and broke a trend line. Everyone is wondering is it a reversal move or just a bull trap.
This is remain to see but for now I see pretty strong base to go higher. Saying that RSI is quite high, not oversold yet but compering to US indices JPN225 is less like to be severely oversold. Very likely the pullback is...
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...
I think the Japanese and Asian markets will anticipate what will happen this week.
After a false breakout of a diagonal resistance marked in blue, there is a high chance of filling the gap that was left open, reaching at least as far as the correction of 0.618.
Then we will have a better definition.
OANDA:JP225USD Has completed a Gartley Sell signal this morning on the open of the Asia Session.
The Daily AI had a top at that time as well.
First area to watch will be around 26300-26430 area below there would set up a 25500 Double bottom.
If it gets up above 27k then we will be looking at 27500-27800 bigger Gartley area.
Some levels to watch. Enjoy the day.
We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate.
My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher.
Now the question is IF we're likely to continue...
Trade Idea: Selling Nikkei
Reasoning: Targeting 78.6% Fibonacci, price breaking below support
Entry Level: 26708
Take Profit Level: 25893
Stop Loss: 26871
Risk Reward Ratio 5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. ...
Preference:
On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 26880 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 28410 in line with the multiple swing high and 100% fibonacci projection .
Alternative...
Last week we saw a rally in all the stocks.
Looking at the indexes, we are seeing all of them being overbought on H4, h1, m30 and m15.
We are seeing the weakness in H1 and M30 and M15 on Nikkei.
We will sell with 500 pip stop loss and target close to 2000.
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...
Trade Idea: Selling JPXJPY
Reasoning: Breaking trendlines, looking for an extended selloff
Entry Level: 27753
Take Profit Level: 27029
Stop Loss: 27923
Risk/Reward: 4.26:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will continue to rise from our entry at 27760 in line with the overlap swing high to our take profit at 28410 in line with the 127.20% fibonacci expansion at the swing high. Alternatively, price may reverse and break the support level at...
The benchmark Nikkei 225 index on the Tokyo Stock Exchange rose 587 points, or 2.19% to 27,369 points, marking its highest closing level since April 21.
Investors were temporarily relieved by the US data, as concerns that the Fed would push for aggressive monetary policy receded.
Bullish trend is limited to 27,777 rebound is possible. If breakout, the price will...
The Nikkei index (NI225) has been on a strong correction phase since its September Highs. Despite the early March rebound just above the 1W MA200 (orange trend-line), it was rejected on the 1W MA50 (blue trend-line) pulling the index back towards the lows.
Notice on this chart, however, that the March rebound was performed on a Higher Lows trend-line that is...
Last week GBPJPY experienced sideways movement before dropping to my initial target.
This week, a break of the neckline will ease the way to 157.7 and 154.8.
Waiting for the price to gather bearish momentum and resume the drop.
