On the weekly chart, this pattern looks like distribution. There was allready a divergence with a false breakout, and there is the possibility of another divergence, so on the long term I think the japanesse market is going to fall. Weekly picture here But there's nothing holding this market to go to its multi year highs around 16000. The big resistance was at...
I'm republishing this chart from 9 months ago. looking at the Nikkei futures now ( 10:42 E.S.T), they are down 2.25 % . The Nikkei briefly broke above its second resistance , but has retrace down since. We can observe the same for the Yen futures ( support held) . What does this mean exactly ? well the correlation between the SP 500 and Nikkei ( using 100 day...
- Having trouble closing above the June 18th high (Where the Fed brought forward their view on when rates would be hiked) - Also running into resistance of the broken uptrend line that supported the rally from June. - 15,000 is a key psychological level that will need a convincing break and close above. - Negative divergence on the MACD also contributing to the...
"Much of the $3.9 billion construction budget is expected to go to the renovation of National Stadium and a retractable roof that looks like something from outer space. The Games also have a surplus fund of $4.5 billion that could be used right now to pay for 10 permanent new venues, the city's mayor said. " - one more tranche yen on the market. The structure will...
Watching this triangle very closely - a break of the channel could send this with incredible speed. One not to miss
need to break rising angle for potential bearish movement
The charts show that both the Nikkei and Yen are at crucial points. The Nikkei is at resistance, while the yen is at support. Based on previous price action, this data may suggest that it may be time to long the YEN . Cheers Algo
Bearish TS KS cross, SAR to the topside supporting downtrend. US equities closed lower overnight and volumes low. Expect volatile swings with expected heavy selling.
Bullish NIKKEI as long as the price is above angle a
Analysis elliott raising the possibility that the fall of the Nikkei could be 1) next to complete, and after this, if indeed we are on impulse, should make new highs. Alternatively if the price was doing just a abc correction after a decline that fails to break the maximum price shall resume the fall and although not at a rate as fast as this sale, whether I...
For weeks I've been reading that the Nikkei, which has shown an explosive increase in its volatility the last few weeks, is due precisely the fears of U.S. Federal Reserve taping to reduce the bund purchases that are now of 85 billions per month . While it is true that a reduction in bond purchases would tend to shoot upward the bond rates also is true that this...