Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei225 trades lower on weak global markets, good to sell on rallies

  • Nikkei declined slightly after hitting 25- year high at 23423 on account of weak global stock market and strong yen. The index has jumped almost 10% since Oct 23rd after Abe land slide victory . It is currently trading around 22561 0.35% lower.
     
  • USD/JPY has shown a minor jump after hitting low of 113.09. The pair bullish continuation can be seen if it closes above 114.45 (161.8% fibo) level. The pair's major support is around 112.95 (Oct 31st 2017 low) and any close below will take the pair  till 112.25 (233- day MA)/111.65/111.13. It is currently trading around 114.02. 
     
  • On the lower side, index major support is around 22260 (89 hourly EMA) and any break below will drag the index down till 22000/21840.
     
  • The near term resistance is around 23500 and any break above will take the index to next level till 24000/24280.

    It is good to sell on rallies around 22750-22800 with SL around 23000 for the TP of 22260/22000.
  • ET PRO
  • Market Data

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

December 18 13:55 UTC Released

USRedbook YY

Actual

7.1 %

Forecast

Previous

6.6 %

December 18 13:55 UTC Released

USRedbook MM

Actual

-0.3 %

Forecast

Previous

-0.5 %

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 475026475026m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 475026475026m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463206463206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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