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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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Jpn225short
JPN225, Short setup, Head and Shoulder🚩 New Signal Notification
📣 Attention Traders! 📈🔍
🔹 JPN225, 8H, head and shoulder Short setup🔹
JPN225 broke out the neck line of head and shoulder yesterday. It is now further going to next support levels as shown in chart, 32505 and 32146.
By Head and Shoulder target measurement, possible reach 32430 too.
Resistance at 33103 the neck line.
Good luck!
Nikkei to stall at current swing high?NIK225 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
A lower correction is expected.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Further downside is expected although we prefer to sell into rallies close to the 33177 level.
We look to Sell at 33177 (stop at 33477)
Our profit targets will be 32427 and 32227
Resistance: 34014 / 35000 / 36110
Support: 32610 / 32200 / 31410
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
JPN225 SHORTOverall bia Bullish on high TF
Although a huge Volume absorption to the upside from previous swing high to new one just created recently.
The swing low that gave origin to the new high is broken right after external liquidity is reached, forming a vaild CHOCH in my opinion in the higher timeframes.
both points above indicate possible reversal in order to grab internal ligquitdy
Nikkei remains bullish.NIK225 - 24h expiry - We look to Buy at 27390 (stop at 27210)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Previous resistance located at 27812.
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 27840 and 27920
Resistance: 27880 / 28505 / 29295
Support: 27395 / 27055 / 26710
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NIKKEI 225 CFD BEARISH PATTERNJapan is currently facing an inflation high not seen in 40 years. The weak yen and the increased cost of foreign supply for industrial commodities and manufacturing parts are slowing down the economy of the country.
On the technical front the index has broken the support of the triangle pattern and a bearish move might be expected. RSI indicator is heading below 50 neutral line and MACD histogram is below 0.
If the pattern continues the price might test the support levels of 27831. In the opposite scenario, the price might try to reach its previous resistance at 27929.50
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.
Selling JP225 into swing highs.NIK225 - 22h expiry - We look to Sell at 27390 (stop at 27610)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
Previous resistance located at 27397.
A lower correction is expected.
The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies.
Our profit targets will be 26810 and 26385
Resistance: 27370 / 28360 / 29240
Support: 26385 / 25500 / 24485
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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
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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.