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ridethepig | Nikkei Market Commentary 2020.09.19📌 The Nikkei would have freed some space to the downside with a technical break last week, but given that we have not pierced the support line and buyers are still well-placed we must be wary of a retest in the highs of the multi year top at 24,000 - the same level we have been tracking since 2018!! The more interesting notion comes from the Global Equity board with breaks being led by NY and following through with Europe on the quadruple witching flows. A simple move here would be playing the breakdown for a quick test of the 200 day MA which is +/- 22,000 and on the other perhaps opening up the panic leg towards the lows at 20,300 if the rest of the flows play along. Any moves to the topside lack conviction and the RSI destroys all winning chances for buyers as we approach the highs. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:NI225Short
by ridethepig
5
JP225 on the break of the triangle 🦐JP225 on the daily chart has retraced till the 0.382 fib level before moving in a consolidation range. The market has bounced twice on the daily support creating a double bottom where it took the liqidity to start a new impulse to the upside. If the market will break the triangle and consequently will break the upper daily structure, at the retest of it, we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:JP225USDLong
by InkyGrip
2
Nikkei 225 Possibilities of DowntrendYen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in inventories of inputs, which firms are going to find challenging to replenish in order to sustain factory production. Hits multi-year lows from manufacturers and non-manufacturers on today's Tankan reports.
TVC:NI225Short
by Anatta0