Nikkei 225 Index Daily (17.08.2014) Tribute to EMA(50,100,200))
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Nikkei 225 Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a correction decline last two weeks and it reacted exactly on EMA 100/200 last week. There is a sense of bull market because EMA 200 support EMA 100 (first circle) and we had a crossed of EMA50/EMA100 (second circle).
MACD is ready to give a bull sign on Monday getting itself above the zero line. RSI > 50.
The fib has a 1.618 next target at 15934. Long for it. Stop loss under the EMA 50 or 15179.
The Nikkei 225 Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a correction decline last two weeks and it reacted exactly on EMA 100/200 last week. There is a sense of bull market because EMA 200 support EMA 100 (first circle) and we had a crossed of EMA50/EMA100 (second circle).
MACD is ready to give a bull sign on Monday getting itself above the zero line. RSI > 50.
The fib has a 1.618 next target at 15934. Long for it. Stop loss under the EMA 50 or 15179.
