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Nikkei 225 JPN225 CFD

Nikkei to stall at current swing high?NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Further downside is expected although we prefer to sell into rallies close to the 33177 level. We look to Sell at 33177 (stop at 33477) Our profit targets will be 32427 and 32227 Resistance: 34014 / 35000 / 36110 Support: 32610 / 32200 / 31410 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDShort
by OANDA
Japan JPY intervention risk is rising – how to trade itThe JPY-funded carry trade rolls on with real vigour and its presenting some very interest tactical and technical opportunities. As many will be aware, we’ve seen the trade-weighted JPY break to new lows, as USDJPY breaks above 143.0, with bullish breakouts playing out all over the JPY crosses. EURJPY and CHFJPY have both been well traded, with the latter breaking to levels not seen since 1979. Conditions as good as you’ll see for FX carry We know the conditions have been ripe for a one-way JPY move. Recently, we’ve all seen renewed concerns about frustratingly sticky core inflation, and this has led to the RBA, BoC, BoE and Norges Bank to hike rates by more than expected - the PBoC underwhelmed by cutting its 5-year prime rate by ‘just’ 10bp. The BoJ, in comparison, remain steadfast in its uber-dovish approach, and while many debate if we see tweaks to its YCC (Yield Curve Control) program in the July BoJ meeting, for now, there is central bank policy divergence 101 playing into the JPY move. The bond market speaks out. We can look at LATAM EM FX, where there have been some huge ‘carry’ moves in MXNJPY and COPJPY – however, it's USDJPY which is always central to the market focus. It’s the move in the US 2-year Treasury which is driving the show, where eyes fall on a potential break of the recent cycle highs of 4.79%. As US (and other global) bond yields move higher, and in favour of the USD, this incentivises yield chasers, and hence with JPY having a very low JGB yield, we have seen a universal drawdown in the JPY. If funds can capture a lasting trend in price and get paid to be in that position it is pure gold – trend followers/CTAs would be max long this move and doing very nicely. We can see USDJPY 12-month forward points fall into new lows at -804. So any Japanese corporate treasury department can lock in USDJPY in 12 months at lower levels (i.e. better levels if you’re long). The cost for Japanese pension funds to hedge their USD exposure on US Treasurys investments has increased dramatically through 2022-2023 - pension funds have hedging limits they need to adhere to, but if they can refrain from selling USD (buying JPY) to hedge they have done so. As with any good carry position, it's not just central bank policy divergence and yield differential that is important – low volatility is essential for carry to work, and we have that in spades. USDJPY 1-Month implied volatility is now 8.59% and the lowest since April 2022. In equity land, the VIX index trades below 13%, while US bond volatility (MOVE index) has pulled back to near 12-month lows. What’s more, US and DM equity markets remain well supported and all carry traders love a positively trending/low vol equity market. Is intervention coming? This one-way JPY move would not have gone unnoticed by the BoJ and MOF (Japanese Ministry of Finance). Subsequently, the prospect that we start to see headlines of Japanese authorities ‘watching FX moves” has clearly risen, as the trend and the rate of change will not sit well with them. There is also growing political pressure to act too, and if inflation continues to heat up – because of the JPY weakness – then the BoJ/MoF will face the music. Verbal intervention is now a real risk and when we hear it the BoJ/MoF are effectively putting JPY shorts on notice that FX intervention is close at hand. Alternatively, the BoJ could tweak its YCC policy, but this seems far less likely for now. We should take intervention threats as highly credible – many will recall the 515-pip initial sell-off (in USDJPY) on 22 September and 541-pip on 21 October, as Japan bought record levels of JPY. They meant business, and while we saw funds using the weakness in USDJPY to average into new longs on 23 September, it was far more effective in October and marked the highs and what proved to be a 16% decline. Insights for tactical traders: • For now, the trend is undeniably powerful and JPY shorts are all the rage – carry is king, and getting paid to make money is very compelling. • However, if we see headlines that the Japanese authorities are watching FX, then JPY traders are firmly on notice. • From here - JPY shorts may part cover, and we may well see liquidity dry up, which could exacerbate moves. • If we do see FX intervention it may come without warning and result in a 300-500 pips sell-off – how would that affect your position? • Consider position sizing and leverage as we roll higher in the JPY pairs – a rapid decline could result in slippage given the intensity of the move. • I would expect the JPN225 to get hit hard – recall, foreign buyers of Nikkei stocks/futures have done so largely unhedged – so if the JPY rallies hard, the JPN225 could be down 3-4% easily. • More aggressive traders may look for long JPY positions to capture intervention once we’re on notice. We look for price moves that indicate it's on – in September the intervention occurred at 17:55 AEST, in October at 01:37, so they like to mix it up. So, with the JPY-funded trade in full effect we watch for headlines – JPY shorts may need to tread a little carefully up here.
by Pepperstone
JPN225: Ascending Channel UptrendThe JPN225 has been steadily advancing within the confines of an ascending chanel. This pattern suggests a series of higher highs and higher lows, reflecting consistent buying pressure and an overall bullish bias. Within this ascending channel, a symmetrical triangle has formed. The triangle is characterized by a converging range of price action, as both the swing highs and swing lows gradually converge toward a breakout point. The narrowing range indicates decreasing volatility and potential pent-up momentum.
BLACKBULL:JPN225Long
by UnknownUnicorn48526553
Nikkei to find support at weekly pivot?NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Weekly pivot is at 30753. Further upside is expected although we prefer to buy into dips close to the 30750 level. We look to Buy at 30750 (stop at 30570) Our profit targets will be 31190 and 31280 Resistance: 31410 / 32200 / 32610 Support: 30300 / 29710 / 29295 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDLong
by OANDA
JP225 to see a lower correction?NIK225 - 24h expiry We are trading at oversold extremes. A higher correction is expected. This is positive for sentiment and the uptrend has potential to return. The 50% Fibonacci retracement is located at 30124 from 28893 to 31355. Further upside is expected although we prefer to buy into dips close to the 30125 level. We look to Buy at 30125 (stop at 29925) Our profit targets will be 30625 and 30725 Resistance: 31410 / 32200 / 32610 Support: 30300 / 29710 / 29295 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDLong
by OANDA
A Traders’ Playbook - A defining Week for Financial Markets After an eventful week for the NAS100, US500, JPN225, GER40 and the USD, traders should be open-minded for further twists in the market script this week. At one stage last week better-than-feared US data and some modestly hawkish Fed chatter saw US interest rate futures price a 40% chance of a hike at the June FOMC meeting - the USD naturally benefited from this pricing. Yet after Jay Powell’s speech on Friday market pricing is firmly back to thinking the Fed will pause. I look at the data flow due in the week ahead and question how the outcome could affect market pricing for Fed action in June (and further rout the rates curve) and what that means for the USD, equities, and gold. However, it still feels like the US debt ceiling, and the price action in US banks, are going to dominate the narrative. In the art of brinkmanship, it feels that to get a deal we must see greater market volatility and so far, we’ve not really seen really any stress outside of US Treasury bills. That could change this week and while for much of last week the headlines were that a deal is within reach, the breakdown in talks from Republican negotiators on Friday has many thinking that we could be pushed right to the June deadline before we see an agreement – where in the spirit of political negotiations politicians simply have to take this to the wire to make it seem like they’ve truly fought for the best deal. Volatility markets are calm as they come, but don’t be surprised if that changes this week. Marquee event risks for the week ahead US core PCE (Friday 22:30 AEST) – The market expects core PCE at 4.6% YoY, with economists’ range of estimates set between 4.7% to 4.2%. A number below 4.4% could weigh on the USD, while above 4.7% and the USD should find buyers. Much obviously depends on the news flow at that time around the US debt ceiling. FOMC May meeting minutes (Thurs 04:00 AEST) – while the minutes are backwards-looking in nature it could give us some understanding as to the appetite within the Fed ranks to pause in the 14 June FOMC meeting. S&P Global US manufacturing and services PMI (Tues 23:45 AEST) – the market has moved on this data release before, and above consensus numbers could push the USD higher. With US growth data points under the spotlight, we look to see if manufacturing grows or contracts (month-on-month) and how it stacks up vs UK and EU PMIs – the consensus is for manufacturing to print 50 (from 50.2) and for services at 52.5 (53.6). *Above 50 shows expansion vs the prior month, below 50 shows contraction. UK CPI (Wed 16:00 AEST) – the market expects headline inflation to fall rapidly to 8.2% (from 10.1%), while core inflation is expected to be steady at 6.2% (6.2%). The form guide suggests a modest risk of an above consensus outcome and could have meaning on the 22 June BoE meeting, where the market ascribes an 80% chance of a hike. GBPUSD support is seen at 1.2355 and a weak print could see this tested. UK Global manufacturing and services PMI (Tues 18:00 AEST) – the market sees the manufacturing index coming in at 48.0 and services at 55.5 (55.9). Unlikely this data series materially impacts interest rate expectations for the June BoE meeting - so in turn, I’m not expecting this to influence the GBP in any great capacity, but that depends on the outcome of course. EU Global manufacturing and services PMI (Tues 18:00 AEST) – the market sees a modest improvement in the pace of contraction in manufacturing, with the diffusion index eyed at 46.0 (45.8). Services PMI is eyed at 55.5 (56.2), which would be a healthy pace of growth. EURUSD is likely sold into rallies this week, although higher volatility driven by a worsening in the debt ceiling talks could see the USD offered. RBNZ meeting (Wed 12:00 AEST) – the market prices 33bp of hikes (a 32% chance of a 50bp hike), with 16/17 economists calling for a 25bp hike. With the economist community of the view we get a 25bp hike, there are risks of a quick drop in the NZD (given the small premium for a 50bp hike). We’ve seen traders covering NZD shorts into the meeting, with the NZD the best performer in G10 FX last week. Are we close to the end in the hiking cycle? The market prices a 25bp hike at this meeting and at least one more by October. Tokyo CPI (Fri 09:50 AEST) – the market sees headline inflation at 3.4% and core inflation at 3.9% (from 3.8%) – last week the JPY attracted good selling flow as the carry trade kicked in in earnest. Again, much depends on the feel towards the US debt ceiling as the JPY is probably the best trade to be long if we do see higher volatility as we roll towards 1 June. Stock of the week: NVIDIA (report Thursday at 06:20 AEST) – it’s been an incredible hold throughout all of 2023 and a momentum juggernaut, driven largely by a constant wave of short-dated call (options) buyers. Into Q1 24 earnings, we find the stock +113% YTD with valuations at sky-high levels. Investors can buy NVDA for a hefty 68x earnings, well above the long-term average - the idea of buying growth at any price rings true here. Nvidia is the poster child of the AI revolution, with many now using the word “bubble” more liberally towards AI equities. The implied move on the day of earnings is 3.3% and given the incredible run through 2023 this level of expected movement seems rather conservatively priced by options market makers. With the street expecting the company to report 91c of EPS, on $6.503b in sales, one questions if earnings and guidance truly matter - or do management just need to offer inspiration on the future of AI and Nvidia’s leadership in the AI/ML space to keep the bull run intact. Central bank speakers in the week ahead: Fed speakers – Bullard, Bostic, Barkin, Daly, Logan, Waller, Collins ECB speakers – There are 19 speakers due this week I won’t list them all RBA speakers – David Jacobs (Head of Domestic markets) speaks (Wed 17:10 AEST) BoE speakers – Haskel, Bailey
PEPPERSTONE:USDX
by Pepperstone
1
Nikkei to stem dip?NIK225 - 24h expiry - Selling pressure from 28805 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 28330 level. We look to Buy at 28331 (stop at 28175) Our profit targets will be 28725 and 28785 Resistance: 29295 / 29710 / 30300 Support: 28505 / 27880 / 27395 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225YJPYLong
by OANDA
Nikkei to find support at previous high?NIK225 - 24h expiry - We look to Buy at 28250 (stop at 28075) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit targets will be 28695 and 28745 Resistance: 29295 / 29710 / 30300 Support: 27880 / 27395 / 27050 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Long
by VantageMarkets
Nikkei rallies to be limited by a swing high?NIK225 - 24h expiry - We look to Sell at 28330 (stop at 28530) We are trading at overbought extremes. Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. The current move lower is expected to continue. Preferred trade is to sell into rallies. The hourly chart technicals suggests further upside before the downtrend returns. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 27760 and 27395 Resistance: 28505 / 29295 / 29710 Support: 27880 / 27395 / 27050 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Short
by VantageMarkets
Nikkei to stall at previous support?NIK225 - 24h expiry - We look to Sell at 28135 (stop at 28340) Buying pressure from 27458 resulted in prices rejecting the dip. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit targets will be 27550 and 27395 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Short
by VantageMarkets
Nikkei looking for a temporary move lower?NIK225 - 24h expiry - We look to Buy at 27855 (stop at 27635) We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close to the 27855 level. Our profit targets will be 28495 and 28595 Resistance: 28505 / 29295 / 29710 Support: 27880 / 27395 / 27050 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225YJPYLong
by OANDA
Nikkei remains a long.NIK225 - 24h expiry - We look to Buy at 28098 (stop at 27940) Price action continued to range between key support & resistance (25535 - 28653) and we expect this to continue. Short term bias is bullish. Bespoke support is located at 28098. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile. Our profit targets will be 28469 and 28509 Resistance: 28276 / 28588 / 28731 Support: 28098 / 27864 / 27629 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225YJPYLong
by OANDA
Selling Nikkei into a rally.NIK225 - 24h expiry - We look to Sell at 28280 (stop at 28505) Buying pressure from 27629 resulted in prices rejecting the dip. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 27705 and 27605 Resistance: 28505 / 29295 / 29710 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Short
by VantageMarkets
Has Nikkei found a swing low?NIK225 - 24h expiry - We look to Buy at 27430 (stop at 27235) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. Our profit targets will be 27990 and 28505 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Long
by VantageMarkets
Nikkei 225 Cash index looking great with C&H to 30,629Cup and Handle formed on the Nikkei225 Cash. The price broke above the brim level showing buy side liquidity on the up. 7>21>200 RSI>50 to 70 Target 30,629 My concern is that the price broke above the brim with a large green candle. Now as a trader, I would wait for a bit of a pullback to the brim level as a retest getting in at a conservative level. INTERESTING FACTS The Nikkei 225 is a stock market index that tracks the performance of the 225 largest companies listed on the Tokyo Stock Exchange (TSE). The index was first introduced on September 7, 1950, by the Nihon Keizai Shimbun (Nikkei) newspaper, hence the name "Nikkei 225". It's most widely quoted average of Japanese equities, and is considered a barometer of the Japanese economy. The Nikkei 225 has a base value of 176.21, which represents the closing price of the index on September 7, 1950. Interesting because most base values of indices start at 100. Some names you would know in the index is Mitsubishi, Sony, Toyota, Honda, Panasonic and Toshiba to name a few
VANTAGE:NIKKEI225Long
by Timonrosso
Nikkei to stall at resistance.NIK225 - 24h expiry - We look to Sell at 27700 (stop at 27850) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 27700 level. Our profit targets will be 27280 and 27055 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27055 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TVC:NI225Short
by VantageMarkets
Buying Nikkei on dips.NIK225 - 24h expiry - We look to Buy at 27280 (stop at 27140) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 27670 and 27890 Resistance: 27890 / 28505 / 29295 Support: 27395 / 27055 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TVC:NI225Long
by VantageMarkets
Nikkei to find sellers at market?NIK225 - 24h expiry - We look to Sell at 27545 (stop at 27635) We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Further downside is expected although we prefer to sell into rallies close to the 27545 level. Our profit targets will be 27290 and 27050 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Short
by VantageMarkets
Nikkei to find sellers at previous support?NIK225 - 24h expiry - We look to Sell at 27310 (stop at 27425) Previous support level of 27266 broken. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Short term bias has turned negative. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 26980 and 26700 Resistance: 27390 / 27815 / 28500 Support: 27040 / 26700 / 26270 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDShort
by OANDA
Looking for Nikkei dips.NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135) Selling pressure from 27741 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27266. Preferred trade is to buy on dips. Our profit targets will be 27770 and 27880 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TVC:NI225Long
by VantageMarkets