For some reason my charts are having issues pulling up Volume Indicator. Pull up charts yourself to see massive buy volume starting 2010-2012. Do keep in mind even if US puts steel and Aluminum tariff, Asia still holds 2/3rds of worlds population and is the BIGGEST market Though i am neutral at the moment, i am looking for Nikkei to continue its bull run return to...
Hi guys. I think this is a strong uptrend and in my humble opinion it's not a good idea to short. I'm observing some signs of a potential pullback. Thank you for looking at my chart and have a beautiful day.
Guys.. Take a look. Yesterday Candle in Nikkei has caught my eyes. It is clear a sign of strong bear is attacking back. So, becareful with the long side now especially the price is below 22650 level. If it goes lower It can swing to 22k level. Since Nikkei is getting BEAR,jpy pairs shall be in bear mode too. Trade Safe, s0nic
Possible scenario of events. Move up to the first target level. Rollback to the previous resistance level. Then continue the long-term trend up.
Nikkei breakout the channel and recently tested back and got rejected i expect a move to monthly support @ 18600-18700 It will push UsdJpy down to 108 Levels. good luck!
Breakdown of long-term consolidation down can lead to the development of a long-term downtrend. The development of the downward trend on the index will stimulate the development of the downward trend of the yen.
Japanese Nikkei-225 has made a wedge structure after year long downtrend broken in november 2016. Currently, If we look at equities asset classes, NIKKEI along with SPX500, DOW, DAX, FTSE all are vulnerable to a correction. Recent Oil sharp decline has cemented the case further. Technically nikkei is consolidating in 600 pips range since last three months...
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...