#NIKKEI 225 - Is a world economic crisis coming?#NI225 #NIKKEI 225 Japan Stock Exchange
First of all, let me start by stating that the graph is based on 3-Month data
I have detailed all the necessary notes on the chart.
The white trend line is the balance zone. Below and above it caused completely different reasons as can be seen.
With the beginning of 2024, the mismatch on the RSI side signaled that it would fall. Therefore, a serious profit was realized.
Perhaps the first steps of a major crisis may have been taken as Japan raised interest rates for the first time since 1997 and the Japanese Yen was recalled to the country.
Japon
GBPJPYThe descending blue and red range is a long linear regression broken in the purple rectangle!
This is a good sign for the price to rise, but there are also many signs of a decline.
The red rectangle is strong resistance!
The white dot is a short-term linear regression! The price is in its possible resistance.
And these are two strong signs that prices are falling!
You can follow the price of oil! Rising oil prices are not having a good effect on the Japanese economy! And it can break the resistance, but oil is also close to the resistance levels!
You also have to wait until the end of the week and assess the market conditions this week. If the candle succeeds in breaking the range, it means that the price will go up! But my prediction is that the resistance will not be broken and the price will go back down!
what is your opinion? Green or red route?
daily analyses of US DOLLAR/ JAPANESE YENHi friends
the daily chart of this market shows that it will experience a downtrend in the coming days with a high probability but at the same time you have to be vigilant of the change from the direction to the opposite
please subscribe to receive more analyzes