The Nikkei 225 has fallen sharpy towards (yet held above) the September low. A small bullish hammer formed on Thursday to show a loss of bearish momentum, alongside a false break of trend support. A bullish engulfing candle formed on Friday and closed above the 100 and 200-day EMA's. Its low also respected a 50% retracement level and closed back above trend...
Formula: (Major Indices/USDxxx)/World GDP (Gross Domestic Product)
Indices: USA, Germany, Japan, UK, China. (all converted to USD)
After the 2008-2009 bottom, USA performed much better than other countries. So, what's next? We can expect other countries to perform better even a bit from now on. But that dosen't mean that the stock markets will rise. It's a bit...
Comparision of "NIKKEI in USD dollars" to "SPX".
I am publishing the same for all (please see my other analysis): Germany, UK, France, Italy, Japan...
I ignore all the fundamentals and just make technical analysis . Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe.
Important: This doesn't mean that...
BOJ intervened for the first time since 1998, to prop up it's the YEN, with some speculation they likely sold a lot of their massive reserves of long end (10-30 year) US T Bills to buy back the Yen. This hypothesis appears supported by the lack of short end yield movement at 4-5a, EST at time of BOJ intervention announcement late last week. Of note in this chart...
SPX Look how interesting. After this crisis that we are experiencing with the corona virus, several opportunities have arisen to buy assets over sold and giving a great asymmetry that is ridiculous. But, everything is not flowers, the government had to print money like never before, causing the dollar to depreciate and inflaming the consumer price index. Making it...
Trade Idea: Selling NIKKEI
Reasoning: Rallied into resistance
Entry Level: 28268
Take Profit Level: 27774
Stop Loss: 28368
Risk/Reward: 4.96:1
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 technical analysis , like all...
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...
IN this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunities and price objectives to target
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...
CONFIRMATIONS
- I believe price is going to fall for the next 12-14 hours however reverse of the ascending redline located on my fib at 27962.
- I never want to say this is a "prime example" because things can change. But this is a pretty regular chat pattern that is forming a "rising wedge". This is a chart pattern I look for very often.
- Price has continued...
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...
In this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunity and price objectives to target
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.
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...
Short term Elliott Wave view in Nikkei suggests the decline from 3/29/2022 peak is unfolding as a zigzag Elliott Wave structure. A Zigzag is a corrective structure labelled as ABC with 5-3-5 subdivision. Down from 3/29/2022 peak, wave A ended at 25555 and rally in wave B ended at 28401. Wave C lower is in progress as a 5 waves impulse. Down from wave B, wave (i)...
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.
