Bullish momentum drags Japan downIndices outside Europe traded higher yesterday and the right-wing-weighted European elections pushed Macron in France to call for early national elections. Meanwhile, the euro fell to a record low and European equities suffered from the result. In contrast, the rest of the international indices started their sessions in positive territory, although not all of them ended in the same way. In the case of the US market, the Dow Jones rose +0.18%, the S&P500 +0.26% and the Nasdaq +0.35%. NIKKEI 225(Ticker AT: JP225) closed down on Monday at 39,096 points, today, with the European political inertia, the market opened at 39,168.50 closing at 39,128.50 points. The index has grown by 21.42% this year.
This week, the US monetary policy news added to the Bank of Japan (BoJ) report may strongly affect the index in two days. The weakness of the Japanese yen against the dollar may mark the Japanese basket higher and the governor may try to restrain the currency again. The general sentiment on the index is Strong Buy for investors.
Looking at the chart, the RSI is currently at 57.01% in the middle zone. The price bell that has been forming on the daily chart on the NIKKEI 225 is a triple bell with the upper bell at a high trading level, with the control point (POC) at 38,653 points. If we look at the inertial movement of the chart, there has been a bounce in the correction at 36,650 points zone and currently the price is trying to look for a return to the most traded zone at 39,942 points. If this first price resistance is overcome and the index delivers strong corporate results, we will begin to see the one-day timeframe for the highs target to be reached. At the moment the index, like many other indices is at all-time highs. So it remains to be seen how long this euphoric time lasts in a market with really high inflation.
Ion Jauregui - ActivTrades Analyst
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JAPAN225CFD trade ideas
JP225 GRAVITY IMMINENT. CORRECTION IS NEXT.JP225 is already heavily overbought at the current pricepoint and an imminent correction is in order.
NET buying has been fading..
4h lower highs has been spotted -- conveying weakening long momentum.
Expect some trim downs from this levels: 28400
TAYOR.
Nikkei 225 (JP225USD) Short: Start of Wave 3 down1. Completion of double combination wave 2
2. Start of Wave 3 down.
3. Expects Nikkei to fall to 32323
Nikkei, bias to look for short...BUTHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias to look for short on Nikkei, but let's see how, the price action seems choppy lately..
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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J225 - BUYJ225 Moving in Bullish Parallel Channel with making HH and HL at 4H TF.
Price is at lower trend line of Channel and Fib 79% completed here.
NiKKEi the Empire who saw Tomorrow 100 years ago
the OG in quantitative zero cost coupons and negative rates
with subways in the 1930s
touchscreens ai robotics in the 70s
and rise of gaming in the 80s
still is a decade ahead among developed countries
and 100 years++ ahead the rest of the emerging economies
Nikkei 225 is at flag supportIntraday Update: The Nikkei is flirting with flag support. A breakdown lower could put a bid in the #JPY. This market is underperforming the ROW for the most part which is a departure from most of 2023.
JPN225 Buy SetupMonthly & Weekly timeframe above the could
H4 breaking out the cloud for a buy setup
Nikkei 225 Bullish Weekly Close outA very good time to long nikkei. Look at this beautful trend. Excellent time to take standby money and pile in.
Correlation between indices is likely. (bullish idea)Dear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles.
As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision.
I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making.
I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points.
My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace.
I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism.
May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely,
Mr. Nobody
Bearish market scenario: corrective pattern with a bigger wave (double zigzag and triple zigzag)
JP225 Trade BreakdownSimple short position taken on JP225 Wednesday. Full breakdown in recap, thoughts behind the trade, why I took it and also my review of the position afterwards.
RR=3 buy ideatrend strongly bullish + bullish butterfly pattern + Strong RSI divergence + breakout of triple bottom's neckline followed with a pullback
PS never risk more than 2% of your capital per trade
Bullish Signs for JPN225 Long-Term OutlookHello Everyone,
The daily support for JPN225 appears to be resilient, with the 1M PP serving as a reliable support level. All indicators point towards a long-term bullish outlook!
TradeWithTheTrend3344
NIKKEI Is it worth buying here?Nikkei (NI225) is about to test the 1D MA50 (blue trend-line) for the first time as a Resistance, following the bearish break-out on April 15, which was its first breach since November 02 2023. This is a very consistent behavioral pattern with both of the previous two corrections of the 2-year Channel Up pattern.
As you can see, reclaiming the 1D MA50 wasn't enough for either correction to make the index resume the uptrend, even closing above the 0.786 Fibonacci retracement level didn't guarantee it. What did form the index' bottom however, was the 1D RSI touching the 30.00 oversold limit (green circle).
At the moment the index is rebounding off such an RSI test. This means that this time we may see the recovery much earlier, so once we close a 1D candle above the 1D MA50, we will turn bullish again, targeting 46000 (Channel's top and below the minimum +31.73% of Bullish Legs patterns).
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Double Top Short position on JP225 on Daily
As market structed a double top, broke support than on testing of the now resistance this week everyday the sticks are negative
Making me believe that we bout to see sell of
And all Indices and Spots look to be selling
you know what they say Takes long to climb up but goes down as if it went out of the window
Nikkei to form a higher low?JP225YJPY - 24h expiry
Price action looks to be forming a bottom.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
The hourly chart technicals suggests further upside before the downtrend returns.
Further upside is expected although we prefer to buy into dips close to the 37830 level.
We look to Buy at 37830 (stop at 37530)
Our profit targets will be 38580 and 38680
Resistance: 38570 / 41135 / 42120
Support: 36990 / 35705 / 34425
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: Day Low Amid Long-Term Bullish OutlookHello Everyone,
While JPN225 is presently at its daily low, there's a bullish long-term sentiment. The current emphasis is on maintaining a price position above the weekly Pivot Point.
TradeWithTheTrend3344
Nikkei index analysis. Swing trade signal!!!Hello everyone. i want share my idea about Nikkei index.
First i want introduce what is that index. Nikkei (Nikkei 225 stock average) is a price-weighted index which composed of Japan top 225 companies which traded on the Tokyo stock exchange.
This index was long time almost 2 years in bullish trend but Japan government decide to take care for yen and they are going to cut rates which will have effect at the index, i think hedge funds will take their profits soon and if it will not change trend we will get big correction which i think is perfect at the moment for catch it.
if i have fundamental reason for that i will try to short it from my marked point which is at 40174, here i have resistance and at resistance we see fair value gap, if we will use Fibonacci addition it shows perfect entry point exact at resistance and 4h fair value gap.
I am going to open here swing trade, my entry point will be 40174, stop loss at 40749 and take profit who knows? i will follow price action if i will be right. if trend will not change i am waiting only short signal from that index i think it will be correction an the correction need to be huge.
Always make your own research!!! manage your risk!!!
JAPAN INDEX?Hi,
There's been talk of intervention BUT..
I think there won't be any.. making the yen weaker, in turn will cause stock market index weak.
Watching for bearish for index and yen.
All the best
A simple zigzag pattern became probable for the fourth waveEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
The bearish scenario of any corrective pattern and trend continuation
NIKKEI Sell IdeaTVC:NI225 has been in bearish trend printing series of Lower Lows and Lower Highs. Currently, It has been retraced to premium fib 75% level where we can look for short opportunities. Will it continue it's bearish momentum ?
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
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.
