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Japan 225

Might be a good chance for a short on NikkeiNikkei looks to be on a desceding trend on the hourly chart. As we can see it broke downwards it's ascending trend and continued it's global image searching for lower lows, as it broke downwards an ascending trend developed in the daily chart. What we're looking here is that price has respected it's current trendline and failed to breakout ema's 50 giving out a tiring candle signal, that's the first bell indicating that a reversal is likely. According to it's current trend searching for lower lows, the price may search for a lower low around the orange indicated section as it is an important support, which is also close to fibbonaci's level 1.272 coming from the downward breakout from the previous uptrend. I'll operate this trade once the candle in the hourly chart closes red or giving a japanese pattern of reversal.
OANDA:JP225USDShort
by chemistrytrades
EW ANALYSIS: Risk-Off Sentiment Could Continue; NIKKEI+USDJPYHello traders! Today we will talk about Risk-Off mode over NIKKEI225 and USDJPY, where we see a tight positive correlation! As you can see, the main driver for the USDJPY sell-off was NIKKEI225, which may continue later this week, since we have seen an impulsive five-wave decline. In EW theory, after every five waves, a three-wave pullback follows and we can already see an a-b-c correction in progress, where wave »c« is still missing, so be aware of a Monday rally towards projected resistance areas, from where we may see another sell-off in the stock market and consequently also in the USDJPY! That said, in the NIKKEI225 futures chart, we are tracking a three-wave a-b-c corection, where 22000 resistance area can be tested, before we may see a sell-off continuation! So, as long as it's trading below 22780 highs, we will remain bearish! If we respect correlations, then it's similar with USDJPY, in which we think that 113 area, specifically 113.25 – 113.35 resistance area can be retested before another sell-off, so while it's trading beneath 114 region, we remain in the bearish mode! Early Monday moves are usually fake, so if we get a Monday rally within projected wave »c«, then this would be a perfect three-wave corrective rise that can be easily covered in the next days, when we expect another sell-off! Trade well! 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.
by ew-forecast
NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point. The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets. As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently. Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets. However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term. The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact. This is worth seriously monitoring.
NSE:NIFTYShort
by librehash
NIKKEI (NI225) Is No Exception (Crash Incoming Up to 50%)The NIKKEI is no exception to the crash that is coming to conventional financial markets. We've looked at the NASDAQ, DJI, SPX, US10Y, APPLE and others and they are all pointing down strong. Many are already crashing into correction levels. For the NIKKEI, we are seeing very strong bearish divergence showing up on the MACD and RSI. Each time this divergence showed up in the past we saw massive crash, up to 50% and more some times. Now this divergence is showing up again and NI225 is starting to crash. Normally, all supports in the form of EMA lines are broken, so you can expect something similar this time. You've been warned, the market is about to fully crash... Time to move into crypto. Namaste.
TVC:NI225Short
by MasterAnanda
4
Nikkei appraoching resistance, potential drop!JP225USD is approaching our first resistance at 23123.0 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21834.6 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:JP225USDShort
by FlowState