Selling Nikkei into current swing highs.K225 - 21h expiry - We look to Sell at 26635 (stop at 26855)
Buying pressure from 25931 resulted in prices rejecting the dip.
The current move higher is expected to continue.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 26015 and 25795
Resistance: 26435 / 26830 / 27150
Support: 25795 / 25060 / 24120
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Nikkei225trade
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
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NIKKEI 225 Monthly Forecast Movements 1-30 November 2022 NIKKEI 225 Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 4.56%, rising 3.68% of last month.
This is currently placing us in the 25th percentile according to ATR and 83th according to JNIV
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 4.7%
BULLISH Candle : 3.1%
With this in mind we can expect with a close to 23.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 26600
TOP: 28630
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
80% chance that we are going to touch the previous monthly high of 27600 (already happened yesterday)
25% chance that we are going to touch the previous monthly low of 25600
Range bound Nikkei, Bullish mean revThe range bound Nikkei is rebounding off support at 25,750 and heading back to the mean at 27,875 and possibly to the resistance at 30,000. The last pivot low has created bullish hidden divergence which could mean the Nikkei breaks out of its range and rallies higher.
Why markets will fall this week (JPN225 analysis) Last week we saw a rally in all the stocks.
Looking at the indexes, we are seeing all of them being overbought on H4, h1, m30 and m15.
We are seeing the weakness in H1 and M30 and M15 on Nikkei.
We will sell with 500 pip stop loss and target close to 2000.
Nikkei 225 Potential Bullish ContinuationOn the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will continue to rise from our entry at 27760 in line with the overlap swing high to our take profit at 28410 in line with the 127.20% fibonacci expansion at the swing high. Alternatively, price may reverse and break the support level at our entry and drop to our stop loss at 27130 in line with the 61.8% fibonacci projection .
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JP225 (Nikkei 225) Index Intraday Technical Analysis:Today was a public holiday in Japan. The JP225 index which is aligned with international markets stayed sideways during the active Japanese session. Market once again took rejection from 27444. Effects of less hawkish US fed policy were seen in the Japanese market as well. My idea is that the JP225 will take rejection from 27444. My targets for intraday are entry at resistance of 27444. My goal is support of 27250 and retracement level of 27100.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30/Nikkei225 - (Continuation) SHORT; SELL it until ...... it can be shorted no more!!
Here is the original post;
Been making stupid amounts of money in this spread, ever since!3
Obviously, this still has quite a few country miles left in it (SHORT). - Then, on the top of it, factor in the currency differential and Baam! ... Probably the best (passive) index trade out there, bar none.
Negative divergent keep extending on Nikkei 225 weekly chartAs Nikkei 225 keep pushing higher, it continues to extend negative divergent. Given the size of divergent, it projects pretty large drop in Nikkei. Break of current steep rising trend line should do the trick.
Have a good trade everyone,
T.
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.