Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Nikkei225 faces strong support at 21- day EMA, close below targets 19000

Nikkei has shown a temporary top around 19700 at Mar 14th 2017 and declining continuously from that level. It is currently trading at 19446 0.1% higher. 

•The index declined slightly yesterday on account of stronger yen. USD/JPY shown a minor weakness and pair dipped till 112.55 . Any close below 100-  day EMA /(112.35) will drag the pair down till 111.59/111. It is currently trading around 112.53.   

• On the lower side , 19400 (21- day EMA) and any break below will drag the index till 19190/19128  (trend line joining 18224 and 18973). 

•The major resistance is around 19698 (Jan 9th 2017 high) and any break above will take the index till 19917 (161.8% retracement of 19566 and 18986)/20000.  The minor resistance is around 19327 (daily Tenken-Sen)./19400.

It is good to sell on rallies around 19500-525 with SL around 19700 for the TP of 19190/19000


 

  • ET PRO
  • Market Data

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

2017-10-17 15:31:17
0m
2017-10-17 15:30:41
0m

October 17 14:00 UTC Released

USNAHB Housing Market Indx*

Actual

68 %

Forecast

64 %

Previous

64 %

October 17 13:15 UTC Released

USManuf Output MM

Actual

0.1 %

Forecast

0.1 %

Previous

-0.3 %

October 17 20:00 UTC 184184m

USNet L-T Flows,Exswaps

Actual

Forecast

Previous

1.3 Bln USD

October 17 20:00 UTC 184184m

USOverall Net Capital Flows

Actual

Forecast

Previous

-7.3 Bln USD

October 17 20:00 UTC 184184m

USNet L-T Flows,Incl.Swaps

Actual

Forecast

Previous

-43.1 Bln USD

October 17 20:00 UTC 184184m

USForeign Buying, T-Bonds

Actual

Forecast

Previous

-0.5 Bln USD

October 17 21:00 UTC 244244m

KRExport Price Growth YY*

Actual

Forecast

Previous

10.7 %

October 17 21:00 UTC 244244m

KRImport Price Growth YY*

Actual

Forecast

Previous

9.0 %

October 17 23:00 UTC 364364m

KRUnemployment Rate*

Actual

Forecast

Previous

3.8 %

October 18 03:00 UTC 604604m

KRL-Money Supply Growth

Actual

Forecast

Previous

6.7 %

Close

Welcome to EconoTimes

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