Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei225 recovers after making a low of 16013, good to sell on rallies

  • Major Support - 16000
     
  • The index has made a low of 16013 at the time of writing and slightly recovered from that level.It  is currently  trading around 16158.Short term trend is bearish as long as resistance 16570 (7 W EMA) holds.
     
  • Any break below 16000 will drag the index down till 15500/15250 in short term.On the higher side major resistance is around 16600 any break above will take the index to next level till 17000/17300.
     
  • The index major resistance is around 16325 and break above targets 16500.
     
  • Short term bearish invalidation only above 17300.

 It is good to sell on rallies around 16350-16400 with SL around 16600 for the TP of 16000/15560.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

Fintech Week Chicago

April 24 21:00 UTC Released

KRConsumer Sentiment Ind*

Actual

101.2 bln BRL

Forecast

Previous

96.7 bln BRL

April 24 13:00 UTC Released

MXMid-Month CPI YY*

Actual

5.62 %

Forecast

5.59 %

Previous

5.29 %

April 25 06:45 UTC 126126m

GBPSNB, MM GBP

Actual

Forecast

104 bln GBP

Previous

104 bln GBP

April 25 06:45 UTC 126126m

GBPSNB Ex Banks GBP

Actual

Forecast

104 bln GBP

Previous

104 bln GBP

April 25 06:45 UTC 126126m

FRBusiness Climate

Actual

Forecast

104 bln BRL

Previous

104 bln BRL

April 25 08:30 UTC 231231m

GBPSNB, MM GBP

Actual

Forecast

1.500 bln GBP

Previous

1.083 bln GBP

April 25 08:30 UTC 231231m

GBPSNCR, MM GBP

Actual

Forecast

Previous

12.875 bln GBP

April 25 08:30 UTC 231231m

GBPSNB Ex Banks GBP

Actual

Forecast

3.200 bln GBP

Previous

1.803 bln GBP

April 25 12:55 UTC 496496m

USRedbook MM

Actual

Forecast

Previous

1.2 %

April 25 12:55 UTC 496496m

USRedbook YY

Actual

Forecast

Previous

2.3 %

Fintech Week Chicago
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.