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Japan 225

Nikkei Index futures forecast 2020Nikkei Index futures are moving higher breaking price levels from September 2018. As expected and mentioned in previous Nikkei 225 index analysis, a new strong bullish impulse has been created around 23,572 price level. The strength of that movement has turned that bullish impulse into a strong demand imbalance for the Japanese index. The timeframe attached corresponds to the weekly timeframe. That means that every candlestick represents a week of time. For many of you intraday and shorter stock traders, that will be like a lot of time. Unfortunately, time flies and a few weeks of time can pass in the blink of an eye. There is definitely a bullish bias on the Japanese Nikkei 225 index for the year 2020 and 2021. A lot of things have to happen for the index to reverse and give us a bearish bias. As supply and demand traders, we do not need to take into consideration any type of fundamental analysis for the Japanese index, price action and the strength of the imbalances is what matters the most.
INDEX:NKYLong
by AlfonsoMoreno
Nikkei Stock Index (Samurai Strikes Back)View On Nikkei Stock Index(23 Nov 2020) Nikkei was in the STRONG UP trend, using 25,200- 25,500 for now. So, as long as the above mention region is hold, it is better to stay on the BUY side. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! 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.
OANDA:JP225USD
by SonicDeejay
Nikkei 225 - Will the market Fade to a consistent level?➖⚡➖ KEY TAKEAWAYS ➖⚡➖ ✔️ Strong rally only natural to retrace ➖⚡➖ TECHNICAL ANALYSIS ➖⚡➖ Bullish Outlook: A break above the most recent level of ascending resistance (in yellow) would expose further upside Bearish Outlook: I think it's only natural to see some profit taking on a strong bullish rally. Question is though, how much of a retracement should we expect? Well historically speaking, the 50% fib level is the most common level. Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
TVC:NI225Short
by Michael_Harding
Elliott Wave View: Nikkei (NKD) Ready to Extend HigherShort term Elliott Wave view on Nikkei (NKD) suggests the Index ended cycle from October 9 peak in wave (2) at 22889. Subdivision of wave (2) unfolded as a zigzag. Down from October 9 peak, wave A ended at 23380 and wave B ended at 23705. Wave C of (2) ended at 22889 which can be seen in the 45 minutes chart below. Index has since turned higher in wave (3). However, it still needs to break above the previous peak on October 9 peak at 23765. Up from wave (2) low at 22889, wave ((i)) ended at 23160 and pullback in wave ((ii)) ended at 23045. Index resumed higher in wave ((iii)) towards 23450 and pullback in wave ((iv)) ended at 23350. Index should end wave ((v)) soon and this should complete a 5 waves impulsive rally wave 1 in higher degree. Afterwards, Index should pullback in wave 2 as a zigzag to correct cycle from October 30 low before the rally resumes. As far as wave (2) pivot low at 22889 stays intact, expect pullback to find support in 3, 7, or 11 swing. Potential minimum target higher in wave (3) is 100% – 123.6% Fibonacci extension from September 21 low, which comes at 24123 – 24417.
CME:NKD1!Long
by Elliottwave-Forecast