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Japan 225

Elliott Wave & Intermarket Analysis For NIKKEI And USDJPYHello traders! Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices. Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after that three-wave a-b-c correction, which means that Nikkei remains in uptrend, but after another three-wave correction in the lower degree, where ideal support would be here around 21450 - 21250 levels, just keep in mind that bullish confirmed can be only if it manages to turn back above 21770 region! In the right picture you can see tight positive correlation between NIKKEI and USDJPY, which means that if NIKKEI points higher, then even USDJPY can see higher prices, so don't be surprised if USDJPY remains bullish towards 109 area or higher! So, seems like risk-on sentiment may continue and when we are in risk-on, we usually see bullish stocks, which are followed by recovery on XXX/JPY crosses. That being said, be aware of a bullish continuation on stocks, while XXX/JPY cross pairs may see a bigger recovery! Be humble, trade smart and wait for the right sentiment to enter the market! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME:NKD1!Education
by ew-forecast
Nikkei Potential Head and Shoulders?The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620, then we would await for a lower high which would be a retest of the break. However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern. Price is turning at a resistance zone (21800) zone which adds further confluence. This is a trade that can possibly play out next week. Keep it on your radar!
FOREXCOM:JP225Short
by Uncharted-FX
Global Financial Engineering Swing Trading Strategy for Nikkei We have decided to take a bullish trade at 21309 with a Global Stop Loss(GSL) at 21100 and a Global Profit Target at 22498 The Primary Trend (PT) given by the Monthly TIME BAR (MTB) is currently Bearish The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bullish The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently Bullish The Short Term Trend (STT), given by the Four Hour TIME BAR (FHTB) is currently Bullish This is a high risk trade since the Primary and Secondary Trend are still bearish. We are taking this trade in the direction of the Medium Term Trend which is given by the Global Daily Time Bars(GDTB). In light of the above trend analysis we will start a bullish trade using Global Trading Strategy #4 on the Global Automated Trading System #4 which trade in the direction of the Global Daily TIME BARS (GDTB). Global Entry Signal: Buy @21309 Global Stop Loss: 21100 Global Target Profit: 22498 Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Trading Strategy #4 -------------------------- The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
INDEX:NKYLong
by globalfinancialengineering
2
Fudo Tetra Corp 1385Hello, I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look. Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily. I am not sure chat would cause an increase like that at this stage as I haven't looked deeper into the Company than the chart but will if my targets are met. Thanks for viewing.
1Short
by flyinkiwi10
Nikkei: Long term Buy Opportunity.The index is approaching the 20,970 1W Support creating optimal conditions for a long term buy towards the 23,000 Resistance. Nikkei is on an uptrend since the December bottom (1M MACD = 405.550, RSI = 50.348) and only a breach of the 20,360 Support can distress that. The Golden Cross (MA50 over MA200) may come later to confirm that. We are long on NI225 with TP = 23,000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:NI225Long
by InvestingScope
Elliott Wave View: Impulsive Decline in NikkeiOur Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is in the process of at least doing a larger 3 waves pullback. Short Term, decline in Nikkei from May 4, 2019 high is unfolding as an Elliott Wave impulse structure. Down from 22505, wave 1 ended at 21935 and wave 2 ended at 22245. Wave 3 ended at 21080 low. Expect wave 4 bounce to fail in 3, 7, or 11 swing as far as wave 2 pivot at 22245 stays intact. Possible target for wave 4 is 23.6 – 38.2 retracement of wave 3 at 21539 – 21672. Alternatively, Index can end the entire 5 waves from May 4, 2019 high already. In this case, it should do a larger 3 waves bounce to correct the cycle from May 4 high before the decline resumes. We don’t like buying the Index and expect further downside in the Index to complete a 5 waves down.
NShort
by Elliottwave-Forecast