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Nikkei 225 JPN225 CFD

NI225 (JPN225)Hi Traders ! This monthly chart analysis shows that the NI225 is on a downtrend. However, since March 2009, the trend kept on a bullish trail, starting from 7021, and reached its highest level since april 2000, e.i. 20946. After a correction that lasted 10 months, it reached its peak of 24448 on Nov 2018. The year of 2019 was strongly bullish. By the start of 2020, the price plunged due to Corona virus. If the latter never occurred, I assume that we would have witnessed the opposite scenario. Now that things began to change, let's wait and see how strong the trend will break the top of the pitchfork.
TVC:NI225
by AnyChart
Yen Appreciates for Third DayDespite a drop in the Nikkei 225, Japan’s stock index, the Japanese Yen has seen 3 straight days of gains now against the US Dollar. In contrast, the Nikkei dropped back below 18,000 points, a one week low. Traditionally a very stable currency pair due to both currencies being strong safe havens, USD/JPY was steadily rising in the months leading up to March. However just like every other market, it was not safe from the extreme volatility brought on by the global coronavirus outbreak in March. After dropping all the way below 103, the Dollar eventually rebounded against the Yen to trade at ¥111 to the Dollar, influenced by the rise in strength of the greenback following a pullout from investors from assets back to liquid cash in order to minimise risk. It is currently trading at ¥107 against the greenback. Investors are also looking towards the Yen once again as a safe haven, as it remains a strong currency in times of economic uncertainty, and this is certainly one of them. However, the Yen’s current status may be short-lived, amid growing sentiment that Tokyo may soon come under lockdown due to the sharp increase in coronavirus cases in the city. This new rise comes shortly after the 2020 Tokyo Olympic Games were announced to be postponed until Summer 2021, leading some to question whether or not the Japanese government had been suppressing figures in order to keep the Olympics going ahead. The governor of Tokyo has urged citizens to avoid karaoke- the popular Japanese pastime- in order to maintain social distancing, despite warnings from senior health officials to put the city under lockdown before it is too late. Japan’s economy minister has warned that a lockdown of the country’s biggest cities would have disastrous effects on the Japanese economy. Prime Minister Shinzo Abe has also stated that a state of emergency is not yet needed, but that Japan could enter a situation like Europe very soon. The Dollar also weakened once again following White House officials projecting that around 100,000 to 240,000 more deaths would occur in the United States due to the coronavirus. US President Donald Trump also gave warnings that the coronavirus would continue to worsen, backtracking on his statements from the previous week that he had expected to see the States reopen by Easter. However, he is still resisting calls to issue a nationwide warning to tell Americans to stay home. The Trump Administration’s lack of action has led to State governors to take action of their own. California and New York are continuing to be under lockdown, and an increasing number of states are also extending or adding their own stay at home orders.
by BlackBull_Markets
1
Nikkei 225 the First to Recover, Gold Facing Historical Shortage The Nikkei 225, or Japanese Stock Index had an 8% gain for the day, following on from its 7% gain from the previous day. Less than a week ago the Nikkei had just hit lows not seen since 2017, falling below 20,000 points. However in just 2 days it has made back its losses and is now rapidly on the rebound back to the 20,000 mark. As well as this, other Asian stocks are on the recovery as well, with the Hong Kong Hang Seng Index, Korean KOSPI, and Shanghai Composite all on the upside. In Europe, the UK FTSE 100 is following suit, with a 2.5% increase for the day. Following on from this, it is reasonable to expect the US stock indices to produce a similar pattern in the upcoming days. US stocks have already started to recover, with the Dow Jones posting its best single day session since 1933, rising 11.4%. This market optimism comes after the US Senate finally agreed on passing the $2 trillion coronavirus bill. The bill, which had been in dispute over the last 2 days due to being blocked by the Democrats, has now been settled with a deal being reached, although the final vote still needs to be made. Although details still need to be agreed upon as well, the gist of the bill is that $250 billion is to go towards directly paying individuals and families, $350 billion on small business loans, and $500 for other companies, amongst others. This is expected to be the largest ever economic stimulus package ever passed. The 2020 Tokyo Olympics have also been officially postponed, after several weeks of discussions. While Japan was originally adamant about the Olympics going ahead despite the alarming growth of the coronavirus pandemic, today they were finally forced to postpone the games until 2021. Japan was initially extremely reluctant to make this move, as it would’ve been the first time in the 124 year history of the modern games that they had to be postponed. Olympic officials said that the games would be postponed to a date before Summer 2021, but no later than that, and that the flame would continue to stay in Japan for the time being. In other news, gold is facing a historic short squeeze, as New York is currently under lockdown. The movement of gold has been severely impeded by the coronavirus, as metal refineries have been forced to close, and all travel has been severely restricted. Normally, in the case of such a shortage in New York, suppliers would ship from overseas locations. But the travel restrictions mean that there is the possibility that the supplies could become trapped, making banks and traders reluctant to do so. Even in other times of economic hardship such as war, gold refineries have not had to close. The price of gold, which had been on the recovery as well this week, has now fallen again, down 1.8% back towards the $1,600 mark after looking like it would reach $1,650. This move could also be attributed to investors discarding the safe haven asset after the announcement of the $2 trillion stimulus package, as risk appetite improved.
INDEX:NKY
by BlackBull_Markets
1
Equity Markets showing Reversal on the 4 Hour?First off is the Nikkei 225. We had a break out earlier today which also confirmed a head and shoulders bottoming pattern. The lower high and lower lows began to exhaust. We are now awaiting for our first higher low swing here to confirm this uptrend. Second is the German Dax. We had our breakout, and are now approaching the major 10,000 level. From here, would like to see 10,000 tested before a pullback and then a breakout creating a head and shoulders pattern and giving us a higher low to confirm an uptrend. The Russell 2000 is close to the Dax set up. We are watching for this breakout. Similar to the Dax in a way that we would like to see a move higher before a pullback and then a head and shoulders confirmation breakout. The Russell may also be a leading indicator on what we will see with the larger US equities.
OANDA:JP225USDLong
by Uncharted-FX
Japanese Stock Index "Nikkei 225" Can Lose 30% in the CorrectionNikkei 225 (JP225), commonly known as Nikkei, is a stock index for the Tokyo Stock Exchange, the world’s third-largest stock exchange with a market capitalization of US$5.6 trillion. As the leading index of Japanese stocks, Nikkei 225 (JP225) is a price-weighted stock index, equivalent to the American Dow Jones Industrial Average Index, comprising Japan’s most powerful 225 blue-chip companies on the Tokyo Stock Exchange. Let’s take a look at Nikkei's structure via the Elliott Wave principle. The monthly chart above reveals that the 2009-2018 rally had formed a textbook five-wave impulse pattern. It is labeled 1-2-3-4-5 where the five sub-waves of wave 3 is visible. Unfolding Correction Makes Nikkei 225 Bulls Vulnerable The Elliott Wave theory states that a three-wave correction in the opposite direction follows every impulse. And indeed, the decline from 24595 to 18951 in 2018 can be seen as a simple a-b-c zigzag in wave A. The Nikkei 225 spent the entire 2019 trying to recover from that low and top at 24412 in December 2019 as a three-wave zigzag in B. This three-wave down and three-wave up pattern make JP225 vulnerable to further decline as it only a part of larger A-B-C flat or W-X-Y double zigzag Elliot Wave correction. Bearish targets near the support area of wave 4 or lower are plausible. If this assumption is correct, we can expect another selloff in wave C to approximately 15000 from the current level. That's a ~33% drop, I think now is not the time for bravery when it comes to the Nikkei 225 or investing in Japan's stock blue chip. Observing from a safe distance makes more sense. Do you think a 30% decline is plausible on Nikkei?
OANDA:JP225USDShort
by Veejahbee
Equity Markets More Downside? Swing to Form.Have been speaking about the equities showing interesting exhaustion patterns. Well, we had the break and quite the run lower. Today, the day before the Fed, we have had a move up. Many already saying look how strong the market is, shaking off fears of the coronavirus and other world events. Not so fast, market structure was expecting this pullback, and until we close above the previous break out zone, we can still make another lower high swing. To preface, I expect markets can still go higher because there is nowhere to go for yield. I have spoken about this in many posts. Equities is the only place to go for yield with central banks depressing interest rates. Central Banks can control the short term rates, but not the long term rates. QE was a way to manage long term rates by effectively purchasing long term bonds, thereby depressing long term interest rates. The world has been forced to go into real estate or stocks for yield. Pension funds especially, who have always been very much into fixed income, but now cannot make their 8% a year when some pension funds are from 60%-100% in bonds. I argue these pension funds have been forced into stocks, and if stocks ever fall a lot, there will be big issues. Of course, the Fed will keep this market up with cheap money. Again, they are forcing money into stocks as it is the only place to go for yield. We have Fed chair Powell speaking tomorrow, and the Fed is expected to NOT cut interest rates. However, Powell will still have to present a dovish stance to appease markets. Hopefully it is not another boring press conference like December, where it seemed like the Fed was stalling. Again, we do expect stocks to pullback here and there. This is normal for market structure. Presented are a multitude of equity set ups with nice charts. All of them have had an uptrend, and a stalling/exhausting pattern. These are either ranges or even potential head and shoulders forming. With this in mind, we should expect a lower high which is not formed and we are expecting potential lower highs to form in these set ups. Again, the safe way to play this trade is to await the lower low break to CONFIRM the lower high. If we break above the breakout zones then this is nullified, which can potentially happen as I have presented why money has to be in equities. The S&P had a nice double top pattern and a break below the flip zone. It has extended quite a lot and naturally we were expecting a pullback. Will it go all the way back to the break out zone at 3310? Or will we see some action at these fib levels. The Nasdaq breakout did not look as good as the S&P's because we would have liked to see a pattern. Was hoping for a head and shoulders with a bounce up before breaking below 9111 but it did not happen. Now we await for a lower high. The Russell 2000 setting up a head and shoulders on the daily potentially. The Nikkei 225 as well. Double top as well. The German Dax has a set up on the daily, but still requires a long way down before testing the big support zone on the daily chart. There is a play here on the 4 hour chart that looks appealing. Again, awaiting the swing. The UK FTSE retesting the breakout zone, although I would avoid due to the Brexit deadline coming up. The French CAC had a nice break of a flip zone. The Spanish IBEX/ESP also similar. Euro Stoxx 50 is interesting because although the chart looks similar to the CAC and IBEX, the exhaustion occurred at a major resistance zone, at previous all time highs. Perhaps the cleanest is the AUS200. Again, retesting a break out zone and potentially can form a lower high. You can see the break out and move lower is very extended. Overall, this is normal for market structure. We shall see if we get the first swing, and potentially another swing.
OANDA:SPX500USD
by Uncharted-FX
6