JP225 trade ideas
JP225 NIKKEI : FUNDAMENTAL + LONG FORECAST | PRICE WILL GROW.Japan’s Nikkei jumps about 4% following oil drop; Nio sees gains fizzle in Hong Kong debut Shares in Asia-Pacific jumped on Thursday, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge.
International benchmark Brent crude and U.S. crude futures tumbled more than 10% overnight on Wednesday.
Oil prices however recovered from some of those losses in the afternoon of Asia trading hours on Thursday, with international benchmark Brent crude futures up 4.1% to $115.70 per barrel. U.S. crude futures climbed 2.92% to $111.87 per barrel.
Asia markets responded on Thursday to the overnight declines in oil prices. China, India, Japan and South Korea are all major importers of oil, according to 2020 data from the International Energy Agency.
The Nikkei 225 in Japan led gains among the region’s major markets as it jumped 3.94% to close at 25,690.40 while the Topix index climbed 4.04% to 1,830.03.
The Hang Seng index in Hong Kong closed 1.27% higher at 20,890.26. Shares of Chinese electric vehicle maker Nio started trading in Hong Kong on Thursday, in what is the firm’s secondary listing. The shares initially jumped but later erased most of those gains, finishing its debut day 0.82% above its issue price.
Mainland Chinese stocks closed in positive territory, with the Shanghai composite gaining 1.22% to 3,296.09 while the Shenzhen component surged 2.179% to 12,370.95.
South Korea’s Kospi also gained 2.21% on the day to 2,680.32, with markets returning to trade from Wednesday’s presidential election which saw conservative opposition candidate Yoon Suk-yeol emerging victorious.
In India, the Nifty 50 jumped 1.47% while the BSE Sensex advanced 1.53%, as of 1:47 p.m. local time.
In Australia, the S&P/ASX 200 climbed 1.1% to close at 7,130.80. Shares of major miner Rio Tinto, however, plunged 7.73%. The firm told CNBC on Thursday that it is “in the process of terminating all commercial relationships it has with any Russian business.”
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.84%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.124 after a recent decline from around 99.
The Japanese yen traded at 115.90 per dollar, weaker than levels below 115.2 seen against the greenback earlier this week. The Australian dollar was at $0.7339, still off lows below $0.726 seen earlier in the week.
NIKKEI 225 : PRICE ACTION ANALYSIS | NEW SWING SHORT SCENARIO ⭐️TOKYO (Kyodo) -- Tokyo stocks opened lower Tuesday, with the Nikkei index briefly falling below the 25,000 line for the first time since November 2020, on growing concern over the economic impact of rising crude oil prices amid Russia's military action in Ukraine.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 230.00 points, or 0.91 percent, from Monday to 24,991.41. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 16.67 points, or 0.93 percent, at 1,777.36.
Decliners were led by air transportation, oil and coal product, and iron and steel issues.
At 9 a.m., the dollar fetched 115.36-39 yen compared with 115.25-35 yen in New York and 115.01-03 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0864-0868 and 125.33-41 yen against $1.0848-0858 and 125.12-22 yen in New York and $1.0870-0872 and 125.02-06 yen in Tokyo late Monday afternoon.
NI225 RETRACEMENT BEFORE SHORTNI225 broke a weekly uptrend and did fall down to the 50 fib zone and hit bottom Bollinger band, there should be retracement back to the trend around 29106 zone, this entry is safer but we can also look for an entry around 28049 since there is also a strong weekly support, after the retracement we are looking for a short position which we should hold until 23651 zone. Our stop loss should be 30913.
Ending of the 14-years growth cycle Japanese stock marketHi there!
As you can see on the monthly time frame the index is consolidating in a narrow range of distribution. Also, you can see the triple divergence on RSI (monthly timeframe). The five waves of Elliott also have finished.
Fundamentally, Russian aggression in Ukraine can probably provoke a supply crisis in the whole world. In the worst case, this conflict can go out of Ukraine. No good news dear reader, but this is a reality and all we can do is to accept it.
If you have something to write about this idea, do not hesitate to do this. Stay safe! Bye!
New trading strategy upgrade -
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well & Good luck guys.
Why short hereAsset markets are still overbought on the yearly scale, but really, shorting right here seems like asking for a slap in the face. I won't fall for the new popular narrative of panic shorting and everyone suddenly unloading their bags only AFTER a massive drop. I am a contrarian by necessity, not for convenience. I'll short when the crowd is comfortable going long again and the algos have unloaded their bags.
Good luck and hedge your bets.
The power of Japan Japan had a rough cases and during the Olympics lately; some deaths. But everyone getting there vaccine and keeping mask and safe even the invasion going on between Russia and Ukraine. Best part Japan is sanctions with US.. to put the stop of Russia invasion and Cold War had started.
But for JPN225 should see some reversal from support if it makes a correction buy the dip and hold it for the moon.