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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.

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2017-09-22 21:05:48
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 10631063m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 15131513m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 15131513m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 15131513m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 17231723m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 17231723m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 17831783m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 18131813m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

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