A bit unsure stillNikkei 225 is a bit tricky. Good fundamental data out of Japan such as dovish monetary policy, but weak export figures which is why its down today. Technically, we are well above most exponential moving averages, but stochastic reads overbought while momentum suggests we are still headed in an uptrend. Overall, not enough signals for one way or the other.
Nikkei 225 JPN225 CFD
Nikkei 225 - Bullish Market With New OpportunitiesThe daily timeframe - the price broke a downtrend line and moved above SMA100. It confirms a trend reversal and new bullish market conditions.
The 4H chart gives a stable uptrend where the price reached a key zone where we can get possible trading opportunities. The resistance level at 21500 can be used with a breakout signal for buying. The entry level will be far from the better buying levels at the uptrend line. Probably it will be a good option to wait for a retracement to the uptrend line. Buy trades opened at the uptrend line will have less stop size and more space for upward movement. If you like a good risk-reward ratio, you should wait for reversals from the uptrend line and open buy trades based on them.
The breakout above 21500 resistance will be able to confirm the strength of bulls and further upward movement. The market will be able to reach the resistance zone between 21850 and 22000 levels. This zone should be used for fixing profit from buy trades.
Signals from indicators:
- MACD supports the further upward movement
- DMI is bullish, but ADX line falls below 20 signal level. It tells us about range market conditions. What does it mean?
Probably we will get a false breakout above 21500 resistance and the market will move sideways to the uptrend line. Buying from the uptrend line based on a reversal signal will be more logical in such market conditions. For confirmation of the breakout, it will be better to get the proof of bulls' strength from DMI indicator. For this, ADX line will have to start an upward movement, and for the perfect model, it should move above 20-25 levels.
Nikkei Stock Index (We are now at strong resistant)View On Nikkei Stock Index(5 Mar 2019)
It has been going up recently and now we are at a strong resistant level of 21,765 regions.
That region may cause the market to pause and may even pull back down first.
If you want to long, I suggest you should rather wait at lower and strong support level such as 21,000 or even 21,200.
If there is any changes, I will update again.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Nikkei 225 approaching resistance, potential drop!Nikkei 225 is approaching our first resistance at 21868.6(horizontal swing high resistance, 100% Fibonacci extension , 78.6%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21159.1(23.6% Fibonacci retracement , Horizontal swing low support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT Nikkei 225 approaching resistance, potential drop!Nikkei 225 is approaching our first resistance at 21868.6(horizontal swing high resistance, 100% Fibonacci extension , 78.6%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21159.1(23.6% Fibonacci retracement , Horizontal swing low support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei Stock Index (Plenty of Potential Upside)
View On Nikkei Stock Index (17 Feb 2019)
We are seeing possible further upside on Asian Stock Markets especially Nikkei Stock index.
It is indeed priming for a breakout.
The level 21,500 will act as immediate resistant but it shall be broken up sooner or later.
The next strong resistant (TP) region will be 22,250.
Do your own due diligence (DYODD), All the best and Read the disclaimer.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
We may (or) we may not take positions as discussed.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Nikkei 225 approaching resistance, potential drop!Nikkei 225 is approaching our first resistance at 21868.6(horizontal swing high resistance, 100% Fibonacci extension, 78.6%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21159.1(23.6% Fibonacci retracement , Horizontal swing low support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Elliott Wave View: Further Rally in Nikkei FavoredShort-term Elliott wave view in Nikkei suggests that the Index has ended correction at 20169 as wave ((X)) and starts a new leg higher. Decline to 20169 on 8 February took the form of an Elliott Wave Expanded Flat. An Elliott Wave Flat structure has an ABC label with subdivision of 3-3-5. We can see from the 1 hour chart wave (B) of this FLAT ended at 20970 and wave (C) ended at 20169. Subdivision of wave (C) unfolded as a 5 waves Impulse Elliott Wave structure. Down from 20970, wave 1 ended at 20815, and wave 2 ended at 20895. Wave 3 ended at 20270, wave 4 ended at 20370, and wave 5 ended at 20169.
The Index has since rallied and broke above the previous high on February 5th, suggesting the next leg higher has started. Rally from Feb 9th low (20169) is unfolding as a 5 waves Impulse structure. Up from 20169, wave 1 ended at 20480 and wave 2 ended at 20390, wave 3 at 21198 and wave 4 at 21060 low. Expect ideally 1 more leg higher in the Index to end the 5 waves up. Afterwards, it should pullback to correct the cycle from Feb 9 low within wave (B) in 3, 7, or 11 swing. As far as pullback stays above 20390 low, expect the Index to extend higher. We don’t like selling the Index.
Risk on catching market off guard,high conviction Long Nikkei225Weekly Insidebar pushing higher towards 22500 level.
Risk on continues, JGB yields bottomed. Path higher is clear
NIKKEI approaching resistance, potential drop! Nikkei is approaching our first resistance at 20899 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 18995 (61.8% fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks