Nikkei 225 JPN225 CFD
Nikkei vs USDJPYThis chart tells us the Nikkei will outperform the USDJPY pair. I was thinking this week how amazingly resilient the Nikkei has been even with the Yen rising so much this year. But the correlation is mostly applicable on a very long term basis (monthly).
Correaltion shown in chart below. Since 2005 the correlation has been very positive.
USDJPY: Trend is up nowI think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom.
I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications.
If you're long, hold and trail stops gradually.
Good luck!
Ivan Labrie.
JPN255 for Yen pairsDescription within chart markup.
Slight bullish movements with overall outlook of bearish.
GBP moves in the view of bullish div technically we see a bullish divergence on hourly macd after 61.6 FR since yesterday upswing since last night Eurex. Continued safe haven outflows from gold and jpy seen EU/US -session onwards, @ daily pivot levels on the upside , for Nikkei index. USD still potential to move up during upcoming overnight/Friday. However , there is resistance through cable supported @ daily neutral EurGbp @ 2-Sigma down channel border in confluence with Daily R2 support, suggesting the pound to move away from overnight sentiment - driven highs, and therefore cable with decent likelihood to test Daily S1 unless EU Inflation data disappoint during Eurex tonight
Nikkei 2017 PlanLooking to sell above 19200.
Fingers crossed we get a decent correction south and can start to buy sub 16300
NIKKEI's expected correction may be over...looking for LONGWe expected a corrective move on NIKKIE, the Japanese benchmark stocks index.
As we mentioned previously we will remain bullish above 19000 area. On the other hand a bearish bais on a daily close below 19014.
Price action in recent 5 days has been fairly corrective. Please bear in mind the NIKKEI AND YEN maintain a -ve co-relation much of the time. After Fed's last week rehtoric market is pricing risk-on mode. We expect YEN to weaken and NIKKIE to put more gains. As of now a bullish hammer is in place @ 19253 support.
Although entering long is lucrative from a purely technical perspective. But we will be bit more conservative and wait for the confirmation of up-move.
Thanks....
Trade with Care....
NOTE : IDEAS ARE PUBLISHED BEARING DAILY TIME FRAME SETUP ONLY...
Nikkei 225: Ascending Triangle and Buying OpportunityGreat impulse followed by a sideways correction that's taking the form of an ascending triangle. This is a common continuation pattern and may be an excellent buying opportunity. After the break, I want to be long.
NIKKEI FORMED A WEDGE ALONG WITH RSI DIVERGENCEJapanese Nikkei-225 has made a wedge structure after year long downtrend broken in november 2016.
Currently, If we look at equities asset classes, NIKKEI along with SPX500, DOW, DAX, FTSE all are vulnerable to a correction. Recent Oil sharp decline has cemented the case further.
Technically nikkei is consolidating in 600 pips range since last three months but RSI divergence is posing that a down move may be on the cards. If price breaks above 19600 daily close, wait the move to be confirmed by RSI. On the other hand a bearish bias will be in place if 19000 supp is broken.
Your capital is at risk...
Trade with Care.....
Trump is set to rock overnight market again.Tonight is for sure going to be a crazy night just like the election day.
I am watching the most liquid market tonight. Nikkei and USDJPY.
Watch out for this triangle,
scenario 1: equity/usdjpy shot up straight and keeps on rally.
scenario 2: crazy volatility shake out both side and the triangle still holds.
scenario 3: trump said something really damaging/disappointing, and we could have a deeper correction.
Nikkei Short JPN225www.tradingview.com
Moving averages positioned the same. MACD, Stoch and RSI are positioned the same.
Nikkei 225 vs USDJPYHi traders,
I just wanted to post this as part of sharing. I am not in this Nikkei trade, however I am currently in the USDJPY long trade (see related links below).
The NIkkei 225 index is highly correlated to the USDJPY currency pair
This completed a Bullish Bat pattern and even showed us an Inverted Head & Shoulders pattern at the PRZ, and has moved up since then. Same buy signals you see on USDJPY.
Note : I won't be doing any updates on this post. Just for sharing purposes only
$NKY fractal from last rise but oneNot sure if this will work, so the trade is a limit order, sell 19530 SL 19600, TP 18850
JPN225. Nikkei full of zigzags and patternsNikkei may have offered two following trading opportunities which are pairing with the zigzags we see on USDJPY forex pair.
First of all, a bearish Cypher pattern has just completed today. I will short the market on opening, targeting 19215 and 18995. SL set at 19700.
If the trade completes correctly, I will long the second pattern, a potential bearish Butterfly. To make it valid, we should not close the day above today´s high and below 19102. My target for the pattern is 20000 and SL at 18800 if the market gets to 19100 or 18992 values
