After a long run , there is a pull back since Jan 2014. the down trend is broken and it is a good opportunity to go long, with a nice continuation pattern. The entry point can be one of the Fibo retracement levels, and can be done in 2- 3 stages.
I had mention to my weekly tech analysis (link related idea below) that the first target for JPN225 was 15054. Now the index has to get over the Kijun Sen of the weekly chart but.... In the daily diagram that I see Chikun Span gets over the KUMO already (look at first light blue circle) and the SPAN A gets over SPAN B (Second light blue circle.) If you take in...
The NIKKEI 225 (JPN225) weekly chart shows the following signs: Exactly from 6/2013 NIKKEI had been in two channels with different trends. Now it seems to change the trend one more time for upwards. Technically RSI>50 and MACD will be bullish on Monday. Last week the Index with a long candle got over the Tenkan Sen. Next target it seems to be the Kijun Sen at...
The Nikkei 225 Index (JPN225) is in critical point just on the top o KUMO, with long signals from MACD and RSI. The weekly chart of JPN225 is more positive because is over the KUMO and it tries to reach the Kijun Sen. The JPN225 will force the bullish movement If it get over the KUMO the next days. Otherwise some more consolidations is in favor in the cloud. If it...
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164
Friends, As the stock market is turning increasingly wary and talk of a market crash abound, other risk aversion behaviors have transpired through Forex pairs. Here, in particular, USDJPY fell significantly, keeping lower supports exposed. PREDICTIVE ANALYSIS/FORECASTING DATA: Predictive analysis and forecasting system remains bearish in the short-tern, but...