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EurJpy Bullish Continuation for 280 PipsWe have witnessed in the recent week a beautiful and impulsive range/wedge breakout of the EurJpy. It led directly to the first downtrend line on the topside. Market rushed down in recent days back to the breakout point and stalled. I am seeing we are in for a bullish continuation of this multiweek range breakout towards the big downtrend line at around 117.10. I am long @ 114.25 with a tight 50 pip stop and looking for a move to 117.10
Long
by IamJeanPaul
Nikkei 225 Moving Higher!Nikkei 225 index has been in a correction and is not moving higher to test the upper trendline.. If broken above it could go higher toward 20000 levels or probably move down and correct further.. Expect current rally to carry further till 17600 levels for the time being. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
FX:JPN225Long
by SirajHudda
Long USDJPY following Shinzo AbeFollowing the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price. Why now and why 110 yen? There has been a lot of choppy behaviour based mostly on structural moves recently, and I think that this announcement will be enough to break it out of this state. Buy now because this is at a pullback point following the initial post-announcement rally. 110 is for me a bit of a psychological point on this pair, as it hung around that point for a while on its descent earlier in the year. This for me is a good target.
Long
by olly_price
Pokémon Go mania is not yet over yet - long Nintendo (target 45)Nintendo shares could add a further 60% from current levels if the speculative mania continues. Augmented Reality game that allows players to interact with real-world surroundings via their smartphone with a theme built around the Pokémon brand Released 6th June 2016 in Asia, the game has seen more users downloads than dating app Tinder, and it's popularity is reflected in Google search traffic eclipsing that of keyword searches for "p*rn" Germany became the first European country to have access last week, with the subsequent UK launch having been delayed due to server outages following download numbers Players across Europe and the US have been unable to access the game following overwhelming demand As the parent company, Nintendo reportedly has a 30% stake in the development company, which was spun off from Google in 2015 Disappointing Wii sales and a switch to mobile gaming amongst casual gamers have hurt Nintendo, but with PG they now have an opportunity to reclaim this business by establishing a share of the mobile market by leveraging their globally-recognised Pokémon brand One-third of the game’s total revenues are derived from app store downloads (rest in-game) Making $1.6m a day from iPhone users in the US alone Extrapolating this figure, total revenues from US iPhone users (including the in-game majority) could be worth around $5m per day. Given continued growth in popularity and new launches in other countries, a conservative estimate could approximate total revenues globally, across all mobile platforms, in excess of $10m per day ($3.7bn per year). Having added $15bn in market cap since the 86% rally in the share price, it looks as though speculators are getting ahead of fundamentals. However, King games' 'Candy Crush Saga' raised $7bn in their IPO and demonstrated the potential for monetising spin-offs and sequels Overseas revenues (esp. USD) are a boon for Japanese Nintendo who report earnings in Yen Whilst I am fascinated by manias but very rarely participate (on the upside at least), I believe that active and aggressive traders could stand to profit from buying in to the parabolic move in Nintendo. With a stop towards the prior day's low, or Fibonacci retracement level in the event of a short-lived pullback on a daily interval, upside momentum remains targeting levels of 37 initially and eventually 45 if this move is to be sustained. I would not rule out a 61.8% retracement of the 2007 high (52.85) or even a return to 78.50, however the shares would be grossly overvalued and truly represent mania, presenting a tremendous short opportunity.
OTC:NTDOYLong
by JamesHelliwell
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