News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • GBPUSD trend may be resuming after trendline break - #GBPUSD chart
  • 🇯🇵 Consumer Confidence (JUL) Actual: 37.5 Previous: 37.4
  • 🇮🇳 Markit Manufacturing PMI (JUL) Actual: 55.3 Expected: 50.5 Previous: 48.1
  • Heads Up:🇯🇵 Consumer Confidence (JUL) due at 05:00 GMT (15min) Previous: 37.4
  • Heads Up:🇮🇳 Markit Manufacturing PMI (JUL) due at 05:00 GMT (15min) Expected: 50.5 Previous: 48.1
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in Wall Street are at opposite extremes with 74.99%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.03% 🇯🇵JPY: 0.00% 🇦🇺AUD: -0.03% 🇨🇦CAD: -0.04% 🇨🇭CHF: -0.04% 🇳🇿NZD: -0.08% View the performance of all markets via
  • Gold Prices Risk Forming a “Double Top” Despite Yields Drop
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% US 500: 0.51% FTSE 100: 0.49% France 40: 0.47% Wall Street: 0.43% View the performance of all markets via
JPN 225 Technical Analysis: Poised for Upward Reversal

JPN 225 Technical Analysis: Poised for Upward Reversal

Nathalie Huynh,

Talking Points:

  • Nikkei Strategy: Take profit of short, or buy in anticipation of rebound
  • Clean break of 5-day moving average at 17,533 would be early signal
  • Be mindful of correction and 16,890 support until downside movement is concluded

Nikkei looks poised for an upward reversal after more than one week of declines. The index re-opened up from yesterday’s futures values. Those with short positions may consider taking profit if it fails to repeat Friday’s low at 17,237. On the other hand, potential buyers should watch out for break of 5-day moving average as a signal to enter.

Existing downtrend signal has not abated in moving averages. As such, a test or break above 5-day MA would be necessary before a confirmation could emerge. An alternative prerequisite is a return of Nikkei to the area above September low at 17,483.6.

Momentum signals have lined up for a potential rebound, similar to one in December. However that occasion did not result in a complete recovery, but rather an ensuing correction period. The same caution should be taken at any upward signs this time.

JPN 225 Technical Analysis: Poised for Upward Reversal

Daily Chart - Created Using FXCM Marketscope

Losing Money Trading Forex? This Might Be Why.

--- Written by Nathalie Huynh, Strategist for

Contact and follow Nathalie on Twitter: @nathuynh

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.