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Buying Nikkei in a bullish channel.NIK225 - 22h expiry - We look to Buy at 27675 (stop at 27360) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trading within a Bullish Channel formation. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Preferred trade is to buy on dips. Our profit targets will be 28580 and 29240 Resistance: 28360 / 29240 / 30175 Support: 27370 / 26930 / 26385 Disclaimer – Saxo Bank Group. 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 any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
CITYINDEX:JAPAN225CFDLong
by Saxo
NIKKEI 225 CFD BEARISH PATTERNJapan 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 50 neutral line and MACD histogram is below 0. If the pattern continues the price might test the support levels of 27831. In the opposite scenario, the price might try to reach its previous resistance at 27929.50 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
TVC:NI225Short
by legacyFXofficial
JAPAN hit by covid cases and the economy contracted 1,2%Japan GDP growth drops 1,2% YoY, and it is followed by a increase in covid cases In the chart we can see: 76,4% FIbo could be the next support, because has already been tested the line after the breakout occured at 9AM GMT, and the top line of descending channel was tested twice after that, followed by bullish candles crossing EMA MACD and Signal is already above de 0%, and we can look at RSI, and it seems to be strong signal above 50
Long
by AFCapital21
Japan’s GDP decline fuels greenback’s reboundEUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 Early this morning, the collection of Japan’s economic data indicated a contraction, its GDP has decreased by 0.3% in the quarter, against estimates for a 0.3% increase. As such, USD/JPY added over 100 pips to 139.88, currently at 140.28. USD/CAD also slightly recovered to 1.3311. Meanwhile, EUR/USD bounced back from a low of 1.0274 to 1.0325, investors expected tonight’s Eurozone GDP quarterly growth will fall from 0.8% to 0.2%. GBP/USD recorded a 79 pips loss to a closing price of 1.1752. After some fluctuations, AUD/USD closed at 0.6696 with minor losses, the meeting minutes released by the Reserve Bank of Australia show the central bank has considered a 50 basis point rate hike for November. Spot gold closed at $1,771.24 and was last traded at $1,769.79 an ounce. WTI oil futures declined to $85.87 a barrel. FTX’s recent collapse sees Bitcoin plunging to a low of 15,852.
by Mitrade_official
USDJPY: Japan intervention is not enough to change major trend.Hey traders, as the monetary policy in the US remains aggressive we still see a possibility of continuation to the upsides on USDJPY unless fed becomes Dovish but it's still not going to happen as inflation in the US is still an issue and the main focus for the US is to control inflation, so what we can expect? more rate hikes, more USD bulls and potentially a continuation of USDJPY uptrend. hence in the coming week we will be monitoring USDJPY for a long term buying opportunity around 146 zone, remember to avoid using tight Stop losses in this type of environments since USDJPY movements will be more volatile and violent and respecting a proper risk management is always recommended so you avoid blowing your accounts, sticking to 1% risk with proper reward ratio will not allow allow the market to you knock you off. if you have any question don't hesitate to ask in the comment section.
Long
by JoeChampion
40
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
by CRYPTONIA5
Liz Truss resigns as UK Prime Minister EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔼 XAU 🔽 WTI 🔽 British Prime Minister Liz Truss has resigned from her post, after mounting political and economic pressure. GBP/USD peaked at 1.1332 and last traded at 1.1233, domestic retail sales and services PMI data will be available later this afternoon. Meanwhile, the euro retreated from a high of 0.9845 to 0.9783 versus the dollar, closing with minor gains, as AUD/USD slightly increased to 0.6275. USD/JPY finally went past the 150.0 level and stabilized, eventually closing at 150.14, the USD/CAD pair recovered from 1.3653 to 1.3763. Gold price briefly went to $1,645.0 an ounce, and returned to 1,628.28, WTI oil futures traded lower at $84.51 a barrel.
by Mitrade_official
USDJPY- Time to Sell $1.33 trillion of foreign reserves?The Japanese yen has lost almost a fifth of its value against the USD this year, lifting the price of imports and contributing to an eight-year high in the growth of Japan’s core CPI. Similar situation with EURO and GBP. Could this be time for a global backlash against the Fed? Possibly yes, as Masato Kanda, Japan’s leading currency official, said on that Tokyo had “taken decisive action” to address what it warned was a “rapid and one-sided” move in the foreign exchange market. It is the first time Japan had sold dollars since 1998, according to official data. The U.S. Treasury has very calmly acknowledged the Bank of Japan's intervention in the foreign exchange, but stopped short of endorsing the move. “The Bank of Japan today intervened in the foreign exchange market. We understand Japan’s action, which it states aims to reduce recent heightened volatility of the yen," a Treasury spokesperson said, when asked about the currency intervention. Rates: Japan is now the only country in the world to retain negative rates after the Swiss National Bank lifted its own policy rate by 0.75 percentage points on Thursday, taking it into positive territory and ending Europe’s decade-long experiment with sub-zero rates. I see FEDS rising to maybe 5% and most likely GBP is expected to hike to probably 6% The interest rate rises set off heavy selling in government bond markets. US 10-year Treasury yields, a key benchmark for global borrowing costs has soared. It doesn't look good for anyone, especially smaller nations in debt.... Back to Japan: There is a lot of USD that can be sold and they have expressed the need to a 'currency market intervention'. That can only be expressed in selling USD at the moment. Yen-buying intervention has been very rare. The last time Japan intervened to support its currency was in 1998, when the Asian financial crisis triggered a yen sell-off and a rapid capital outflow from the region. Before that, Tokyo intervened to counter yen falls in 1991-1992. Intervening by buying yen is also considered more difficult than by selling it. In an yen-selling intervention, Japan can keep printing yen to sell to the market. But to buy, it needs to tap its $1.33 trillion of foreign reserves which, while abundant, could quickly dwindle if huge sums are required to influence rates. Related articles: www.reuters.com www.bloomberg.com
Short
by FX_Professor
9
Europe&Japan to perform better than USA from now on, 2-JapanComparision 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 the equities&indices are going to rise from now on. My analysis only says: Europe&Japan will perform better than USA. Just because they are very cheap.
TVC:NI225Long
by skykhan
2
GBP/JPY -26/9/2022-• Rectangle pattern breakout explained • Rectangle pattern can be either reversal or continuation of the prior move • We got a reversal pattern in this case, possibly ending the up trend • A rectangle is defined by a clear support and resistance levels, ideally touching the boundaries more than twice • Rectangle is a trading range, meaning markets are indecisive until the breakout • We often get fake breakouts, which means prices breakout of the rectangle but quickly get back in • Targets for the breakout is usually the height of the rectangle projected from the breakout point • In the case above, we got a breakout at around 159 and the height of the rectangle is around 9. The breakout was to the downside so we subtract 9 from 159, we get a target of 150 and surprisingly it got hit in 2 trading days only • The only question remaining now is; is the breakout going to lead to a long term trend reversal or will prove to be a fake breakout and return back to the rectangle ? • The answer to that should be clearer in the upcoming days
by RamziAbouAbdallah-CMT
USDJPY Potential for Bullish Continuation| 26th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 142.526 where the 78.6% Fibonacci line sits to take profit at 144.887 where the previous swing high and 23.6% Fibonacci line lies. Our stop loss is placed at 140.428 where the previous swing low lies. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
Tokyo says enough , starts intervention!INFORMATION USDJPY has been rising for multiple weeks. The current trend is very bullish. Couple of days ago, Japan had to intervene and bought Yen using its dollar reserves. Statistic shows that Japan has over 1 Trillion US dollars in their reserves. As the dollar continues to get stronger, BOJ is planning to Battle for the next 6-9 months to stabilize the Yen. WHAT COMES IN MIND? USDJPY is in a consolidation Phase on the higher timeframe and will continue to do so base on what BOJ is trying to do. FEDS continue to stay Hawkish on Interest rates this means stronger Dollar Japan interest rate stays Low and BOJ still continuing to print Money Population Statistic: Japan has a growing number of Old people compare to Young people, this is very bad long term for the economy because there is a imbalance of supporting cast. MY FINAL THOUGHTS: We will consolidate between 140 - 145 for the next couple of months unless BOJ stops intervening. I have USDJPY continuing higher in a slow fashion to 160 - 170. Weeks to MONTHS
by OmaOne