JP225 to continue in the downward move?NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 37771.
We look to Sell at 37805 (stop at 38125)
Our profit targets will be 37005 and 36805
Resistance: 38570 / 41135 / 42120
Support: 36990 / 35705 / 34425
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Looking for Nikkei dips.NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135)
Selling pressure from 27741 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
Previous support located at 27266.
Preferred trade is to buy on dips.
Our profit targets will be 27770 and 27880
Resistance: 27880 / 28505 / 29295
Support: 27395 / 27050 / 26710
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Nikkei remains positive.NIK225 - 24h expiry - We look to Buy at 27245 (stop at 27130)
Selling pressure from 27807 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
Previous support located at 27168.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 27570 and 27825
Resistance: 27825 / 28505 / 29235
Support: 27400 / 27060 / 26720
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying Nikkei at previous resistance.NIK225 - 24h expiry - We look to Buy at 26840 (stop at 26560)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 27630 and 27820
Resistance: 27400 / 27820 / 28505
Support: 27060 / 26720 / 26235
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NIKKEI 225 CFD BULLISH PATTERNNIKKEI has broken the resistance e of the triangle pattern on the daily graph, signaling a possible bullish movement with possible targets of 26380 and 26530. If this pattern does not get confirmed, a possible support might form at 25956.
MACD histogram is above 0 and RSI is above its 50 neutral line, both confirming the possibility of bullish trend.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NIKKEI225 Weekly Volatility Analysis 12-16 Dec 2022 NIKKEI225 Weekly Volatility Analysis 12-16 Dec 2022
We can see that currently the implied volatility for this week is around 3.16%, up 2.05% from last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 38th percentile,
while according to VIX, we are on 25th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.82% movement
Bearish: 1.74% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 22.4% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 28309
BOT: 27170
Taking into consideration the previous weekly high/low, currently for this candle there is :
73% probability we are going to touch previous high 27955
27% probability we are going to touch previous low 27419
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 64% BULLISH trend from the moving averages index
Daily timeframe indicates 21% BULLISH trend from the moving averages index
4H timeframe indicates 7% BEARISH trend from the moving averages index
Joe Gun2Head Trade - NIKKEI at resistanceTrade Idea: Selling NIKKEI
Reasoning: Rallied into resistance
Entry Level: 28268
Take Profit Level: 27774
Stop Loss: 28368
Risk/Reward: 4.96:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NIKKEI 225 CFD BEARISH PATTERNJapan Economy Watchers Current Index was announced yesterday, below its forecast and also below its neutral line of 50, at 43.8, which can be used as a marker for downturn of the country's economy.
On a technical level Japan 225 CFD broke the support of the rising wedge pattern, also signaling a potential bearish move on the instrument. Both MACD and RSI indicators confirm the pattern, and in both the fast moving average is increasing the gap with the slow moving average, indicated best by the MACD histogram. This might be read as an indicator for big movement.
If the pattern gets confirmed the price might test its previous low at 27840. If the opposite scenario occurs, the instrument might test the previous support of the rising wedge at 28270.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Jamie Gun2Head - Selling NikkeiTrade Idea: Selling Nikkei
Reasoning: Targeting 78.6% Fibonacci, price breaking below support
Entry Level: 26708
Take Profit Level: 25893
Stop Loss: 26871
Risk Reward Ratio 5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NIKKEI On the road to the Quadruple Top Main items we can see on the chart:
a) The price was on an ascending trendline and at the beginning of 2020 we had a huge bearish movement
b) Since then the price has been rising and re-entered the ascending trendline
c) Currently, we can see a corrective structure (purple lines) and we expect a bullish Resolution IF the price breaks the upper line
d) The Target we will be aiming for is the quadruple top in the historical higher highs zone
e) Another detail to add to the chart is that we have a huge ABCDE Pattern. This type of structure is bullish from a technical perspective
Is a Bearish Movement coming on NIKKEI? By ThinkingAntsOkMain items we can see on the Daily Chart:
a) Currently, the price is on a corrective formation (circle)
b) We can see an exact formation like the current one on the past
c) Also, it is important to say that both are happening in the same zone
d) If we take the previous one as a model of what can happen with the current one, we can expect a bearish movement to come
e) The bearish Target we will be aiming for is 15.000
"Top and Bottom Analysis" NIKKEI 225 by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is on a support zone
-We will wait for a corrective structure on the support zone before taking any trade
Based on this if the price breaks down with a close candlestick below 20718.0 we expect a continuation of the downward movement towards 19964.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
!The actual possibly is high!Multiple reasons lead to the idea of a UJ long situation over a short. First is USDOLLAR INDEX is testing a support as seen on the right chart, while USD/JPY is testing as well its own support line. JPN looks exhausted and needs to take a nap most likely.
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Fx - USD/JPY
Chart timeframe - 6hr
Area of interest - 109.5, 114.5
Potential target 1 - 112.75
Potential target 2 - 113.5
Potential extended target - 114.5
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Trade Safe everyone!