This chart show us a pretty steady upward trend. At the moment we are in a kind of consolidation/pullback situation. I think we will test the 20000 mark next days. But a pullback to 19000 is also possible. But then I'm thinking of a possible double top scenario. Three more fundamentals which support my projections are: Japan's trade deficit declined, exports...
As the title describes, I'll publish a suggested short entry once my setup confirms. For the time being observe the price action and how the selling is outweighing the buying on each swing. This is inherently bearish, and to make things worse for the bulls, Tim West's proprietary indicator RgMov is plotting new lows and a strong downtrend on the daily chart, ahead...
The Big Bubble ... as every time this time is different ... it's true this time the outbreak was unprecedented... QE effects from the beginning - start end 2008 S&P(orange) +186% - USD/JPY +22% USD/EUR +15% Nikkei (blue Mountain) +165% JPY/USD -22% FTSE100(blue points) +80% GBP/EUR +21% GBPUSD+3% DAX(green points) +201% EUR/USD -15% MIB Italy( brown points) +46%...
Short Nikkei with bearish crab completing in between 19139 to 19756 (also a gap ) and a trendline resistance at 19139. Short Nikkei and long XAUUSD
Nikkei seems to get back in line again after a short breakout on the downside meeting the EMA62. In order to continue it's trend it needs to stay between the two grey lines which were formed in the beginning of January. I am long with a first target at 19000. SL just below the EMA62 Feedback/Ideas?
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Nikkei 225 - Clear Bearish Divergence (Price making higher highs while RSI is making lower highs). - I am interested in Shorting the Index if it breaks 17093 ( the most recent swing low). - On a break of the lows and the trendline, I will wait for a pull back to re-test the level again then issue my short position to 16425 area. - The trend remains bullish. This...
Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops. Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price....
The Nikkei 225, D (NYI) is due for a pullback with all major indicators already exiting overbought condition. Last week's advance is beginning to show signs of a reversal as investors move to take profits. Short Nikkei 225, D, (NYI). Stop loss at 17570, take profit at 16120.
BOJ is exporting deflation to the rest of the world and has also lifted all global stocks as BOJ has said it will be buying global stocks and bonds. It looks like the 33 plus year bear market in the NIkkei may be coming to an end.
Japanese authorities surprised everyone on Friday by increasing their already aggressive bond purchases (QE) by a third. In addition, it will expand those purchases to include stocks and real estate investments. The Japanese pension fund also announced that it will increase its allocation to domestic and foreign stocks. That gave a huge boost to global stocks. The...
Currently Nikkei is at resistance of a f5 and a level in which was previously retested in line chart. It was also halted at the channel trendline. A successful test at h1 will be meaningful but unfortunately I do not have access to h1 charts for futures. However this can be translated to other JPY crosses and I also see similar distribution patterns on these crosses.
'On last Thursday, Kuroda met with Prime Minister Shinzo Abe and assured him that he would do more if needed, especially if the BOJ is still failing to meet its 2 percent inflation target. "Should conditions emerge where the target becomes difficult to meet, we are ready to make without hesitation adjustments to policy, additional easing or whatever," Kuroda told...
The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following: The JPN225 index has made a reaction from EMA 200 towards to Kijun Sen and then it declined towards again to EMA 200, finding support at Tenkan Sen. The index is into the KUMO. So the first think in mind is that JPN225 is into the KUMO without a clear trend.. MACD &...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The Nikkei 225 Index (JPN225) Daily Diagram Technical Analysis Training shows the following: The JPN225 index has made a correction decline last two weeks and it reacted exactly on EMA 100/200 last week. There is a sense of bull market because EMA 200 support EMA 100 (first circle) and...
This chart and my conclusion based on my analysis might be very perplexing to many Fundamental Analysts and to Japan's Prime Minster Abe as net results of his 3 prong attack fails to produce desired results. Many, bullish fund managers will be mystified as was the case in 1992 when the initial decline of all time high was only seen as just a setback and a buying...
The NIKKEI 225 Japan Index (JPN225) Daily Diagram Technical Analysis Training shows the following: The JPN225 index has made a sharply decline towards to KUMO cloud last week under the resistance line. The weekly diagram is bullish and monthly diagram is turning bullish. So the first think in mind is that JPN225 finds support from KUMO. MACD & RSI are...