Nikkei bounced off our first support level at 19017 (100% Fibonacci extension , Horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 20892 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance). Stochastic (89,5,3) is also testing support where we might see a...
Nikkei is testing our first support level at 19017 (100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 20177 (61.8% Fibonacci extension , 23.6% Fibonacci retracement, Horizontal pullback resistance). Stochastic (89,5,3) is also testing support where we might see a...
Nikkei is approaching our first support level at 20783 (61.8% & 100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 21783 (horizontal swing high resistance, 61.8% & 100% Fibonacci extension, 23.6% & 50% fibonacci retracement). Stochastic (89,5,3) is also...
The NKY appears to be about four days ahead of SPX on a fairly precise timeline. (Both are futures, trading nearly 24h). Let's see how long the match lasts.
Nikkei bounced off our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ). Stochastics (89,5,3) has bounced off...
Nikkei is testing our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ). Stochastics (89,5,3) is also approaching...
Nikkei 225 is approaching our first resistance at 23072 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our support at 21545 (100% Fibonacci extension, 78.6% Fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance and we might see...
JP225USD Trading Bias: Neutral Technical Strategies: Support Channel / Rectangle break *If we make a strong bull candle off the support channel upside targets in play. If we break and close below the support channel then downside target in play*
Sharp pin bar candle off all time high resistance level. The 2 zones below are where I will watch price.. This pair is correlated oppositely from the JPY, & is a good way to identify strength.
JP225USD is approaching its resistance at 22935 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 22435 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resiustance at 98% where a corresponding reversal could occur.
JP225USD is approaching its resistance at 22756 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to reverse down to its support at 22391 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support). Stochastic (55, 5, 3) is approaching its...
Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance). RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce...
Could we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
Nikkei is approaching our first resistance at 22497.5 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 21414.8 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance and...
I was asked to analyze this pair. I did not touch on the analysis of the smaller time interval, as there are a lot of complex corrections. It will take a lot of time. But I see the future of this pair. We have completed a zigzag correction in the framework of the 4th subwave. We see the opposite bullish divergence. At the same time, we are in the momentum of a...
Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement,...
After breaking downward from a descending triangle, JP225USD rallied with all the other global equities. It has shown some resistance at $19,900 which was a former support. If it breaks down, JPYUSD and XAUUSD should rise. Conversely, If it breaks up, JPYUSD and XAUUSD should fall. I will watch the Japanese open and decide whether to go long or short on these trades.