NIK225 - 24h expiry - We look to Buy at 27430 (stop at 27235)
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.
We are trading at oversold extremes.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to...
Cup and Handle formed on the Nikkei225 Cash.
The price broke above the brim level showing buy side liquidity on the up.
7>21>200
RSI>50 to 70
Target 30,629
My concern is that the price broke above the brim with a large green candle. Now as a trader, I would wait for a bit of a pullback to the brim level as a retest getting in at a conservative level....
NIK225 - 24h expiry - We look to Sell at 27700 (stop at 27850)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the...
NIK225 - 24h expiry - We look to Buy at 27280 (stop at 27140)
Although the bears are in control, the stalling negative 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 Sell at 27545 (stop at 27635)
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today....
NIK225 - 24h expiry - We look to Sell at 27310 (stop at 27425)
Previous support level of 27266 broken.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Short term bias has turned negative.
A higher correction is expected.
We therefore, prefer to fade into the rally...
NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135)
Selling pressure from 27741 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
Previous support located at 27266.
Preferred trade is to buy on dips.
Our profit...
NIK225 - 24h expiry - We look to Buy at 27390 (stop at 27210)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Previous resistance located at 27812.
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...
View On Nikkei Stock Index (13 Jan 2023)
Japan Stock index Nikkei was in the good run recently and it had met with the decent resistant near 276,00 region.
That is why we are seeing some pull back and it will go back UP anytime soon.
I see 26,800 as a strong support region and we shall look only for LONG as long as that region hold the price well.
Whenever...
View On Nikkei Stock Index (31 Jan 2023)
We had a quick dive and rebound.
Now 27,000 & 25,200 region will be acting as decent supports.
We shall see 28K region will be strong resistant but it will be broken UP sooner or later.
2023 Q1/Q2 shall be a bullish one.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment"....
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...
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...
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...
Japan is currently facing an inflation high not seen in 40 years. The weak yen and the increased cost of foreign supply for industrial commodities and manufacturing parts are slowing down the economy of the country.
On the technical front the index has broken the support of the triangle pattern and a bearish move might be expected. RSI indicator is heading below...
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. ...
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...
NIKKEI 225 INDEX traded in a tight wedge and it was broken
We are witnessing a bullish breach of the wedge,
and it is expected to retest the horizontal support at 26175.00 before moving up
It seems that NIKKEI 225 is destined to rise and retest the 29200.00 level
