Asians pumped futures last night along with the Euros, both NIKK and HSI (Hong Kong) are overbought. FDAX MFI also overbought.
Not expecting an EOD pump for the US market.
The Nikkei, also known as the Nikkei Stock Average , is a stock market index for the Tokyo Stock Exchange in Japan. It is often used as a benchmark for the performance of the Japanese stock market.
Traders use the Nikkei to track the overall direction of the Japanese stock market and to gain insights into the performance of specific sectors and companies. They...
As we can see on the above chart, Nifty & Nikkei have two different Corrective Structures . Nifty and Nikkei is a ABC and WXY correction respectively. So the Right Side in the short medium term is down or turning down . Now we expect that the correction will be completed in the end of third quarterly, 2023. At this moment we only identify Nifty with bullish...
Post BOJ decision which is USDJPY supportive, we could expect the Nikkei to recover from recent weakness.
Since it remains a choppy Equity Environment, selling DAX against it (delta hedge) makes sense from a relative price perspective and looking at technical levels, along with oscilators.
Another way would be to buy Upside calls on Nikkei (cheap in Impiled...
Long Japan; Short US. Market conditions exist for Nikkei-225 index (“Nikkei”) to remain resilient over the next quarter relative to S&P 500
(“S&P”).
BoJ's unflinching commitment to negative rates benefits Japanese firms with a weak Yen. Meanwhile, worsening economic conditions in the US with feeble growth outlook and likely recession could send S&P lower....
Title: Nikkei Futures ( NKD1!), H4 Potential for Bearish continuation
Type: Bearish continuation
Resistance: 26555
Pivot: 25960
Support: 25610
Preferred case: Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to...
With an RR of 1:5.
Prior to 8th November's unveil of $200 bn supplementary budget, there's a huge supply for the Japanese yen....technically, the Nikkei 225 futures is expected to close this week below last week's low.
Looking for a strong rally in the yen.
After NIKKEI 225, rejected last months high on wednesday, i'm looking for a new high on NIKKEI Futures......
I believe we are in a good bull trend for NIKKEI
After NIKKEI index rejected the 27850 mark with a bear spike from the previous three lows as shown.....i expect a correction of last week's sell for a new high.
In this update we review recent price action in the Nikkei225 futures contract and identify the next high probability trading pattern and price objectives to target
IN this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunities and price objectives to target
In this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunity and price objectives to target
Preference:
On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 26880 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 28410 in line with the multiple swing high and 100% fibonacci projection .
Alternative...
Preference:
On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 26880 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 28410 in line with the multiple swing high and 100% fibonacci projection.
Alternative...
Short term Elliott Wave view in Nikkei suggests the decline from 3/29/2022 peak is unfolding as a zigzag Elliott Wave structure. A Zigzag is a corrective structure labelled as ABC with 5-3-5 subdivision. Down from 3/29/2022 peak, wave A ended at 25555 and rally in wave B ended at 28401. Wave C lower is in progress as a 5 waves impulse. Down from wave B, wave (i)...
