Nikkei 225 JPN225 CFD
Monster Wave!'
Japan is seeing some strength within their markets. I believe confirmation came after Prime Minister Shnizo Abe' and President Trumps meeting in Mar-A-Lago. Coincidence?... maybe.. maybe not. I believe the talks of strengthening Japans dominance in Eastern Asia along with the United States withdrawal from the TPP supplemented this move quite nicely. I love analyzing Japan because they have far less moving parts to their economy than we do here in the US. Nonetheless I do see Japans GDP advancing another 2% for the next two years (1-1.5% annually). The NIKKEI forming some beautiful momentum. It's been on quite the run. My projection is that they will top out around 22081 in the next two years. Slugglish growth is still growth... The Japanese Yen is also slipping against the dollar nearly a 10% since the beginning of the year. Wage growth could see a slight move up but not by much... All is good in the foreseeable future the only thing I worry about is their staggering Debt/GDP ratio (250.4%!) given their size it should be that high, but We'll keep that analysis at bay, and cross that bride when we get there. O Wakare! ( Farewell :)
Nikkei 225 Bearish DivergenceIf price returns below 20000 level, we'll have a fake breakout. At the same time price diverges with MACD and RSI. We have bearish divergence near the major resistance level. It's short opportunity and we can sell below 19880 level with stop above the local swing high. Profit target should be at MA100 and 19000 level.
Dow Jones vs Nikkie U.S equities will outperform Japanese equities in the 3- 5 years to come.
In the chart I indicate "buy purple," however, this is a buy now in my opinion. No need to wait for a better price since the risk reward would still be very favourable. It's possible price does not see purple again. Purple is simply ideal.
JPN225 is one to watch, long term short. Small #No-StoplossFor discussion purposes only ;) what are the odds of having a long-term double top/M-pattern being formed? Current short term C wave shows already some weakening price action. The 15 min starts a corrective move, that will in itself create an hourly bearish move down. There is still a huge run to go on the weekly to have a confirmation of the M patter, but if confirmed then long term bear market is there in my view. #JPN225 #stoploser #no-stoploss #tiny #micro #position
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.
