Nikkei ends with a rather heavy candle on last Friday, which is leaning toward Bear.
The market can be irrational sometimes.
But watch big levels such as 22900 or 23400 level, once they are broken up "strongly", the sell idea is no longer valid.
So, the question is "what if" these levels are not broken up, Bear will do just fine.
P.S I am...
Did you follow our previous analysis?
We are in the BEAR mode and it is getting more obvious.
We suggest you to stay in BEAR side.
If there is any swing up, 22600 to 22800 region will be a good resistant regions.
The information contained in this presentation is solely for educational purposes, and does not constitute...
Take a look. Yesterday Candle in Nikkei has caught my eyes.
It is clear a sign of strong bear is attacking back.
So, becareful with the long side now especially the price is below 22650 level.
If it goes lower It can swing to 22k level.
Since Nikkei is getting BEAR,jpy pairs shall be in bear mode too.
It seem like Nikkei has no stopping force at the moment and we are still seeing Bullish candle with momentum.
It should stays on its bullish course toward 21,000 as long as 20,700 region holds.
The only thing for the bull to watch out is the thinning of volume for the past 5 days. It shows the sell down can be around the corner too.
The chart shows monthly bars on the NIKKEI 225 future. The index is returning to the 21000 key level, a level its failed to surpass since 1992. Price is above its 52 week Moving Average, and momentum is up for the only second time since the 1980's.
Whilst the rest of the Worlds post Global Financial Crisis recovery began in 2009, Japan's was delayed until the...
This index has one tough nut to crack.
20,000 level will be the imporant one.
But once it is cleared, it can be easily to to 20750 region.
I am expecting it will happen,.
I am standing with BULL for now,.
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies...
The world stock market is in dilemma and it is not due to any economic data.
It is due to the geopolitical events.
The japan stock market is one of the most affected market due to the saga.
I am still seeing the weakness of it and it will use 18,900 as a very good support.
SO, it can go to 18,900 easily for now and we have to see how strong it behave as the...
Apparently Nikki index has a lot of downward pressure from here.
It is kinda early to enter but if it becomes obvious, it is considered too late as well.
It may be hard to break down 19,2350 level strongly first and it is very likely.
TP1. a nice swing area.
TP2. a nice congestion area where bull will fight back.