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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Low
High
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
Oil - US Crude
Bullish
Low
High
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
Bitcoin
Mixed
More View more
Real Time News
  • Have central banks run out of ammo? And where are central banks heading? Find out from cross-asset class trader, @JohnNetto only on Trading Global Markets Decoded #podcast with @MartinSEssex here: https://t.co/Twr44cZ1GB https://t.co/HprpRueTXH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.86%, while traders in France 40 are at opposite extremes with 75.76%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PG6QQFO8tv
  • What is market volatility and what does a market event volatility look like? Find out from @PaulRobinsonFX here: https://t.co/vg7w10la3j https://t.co/yKEBSyKbgS
  • RT @globaltimesnews: China-US #tradetalks must be based on equal footing and mutual respect. The deal must be mutually beneficial, said Chi…
  • RT @LiveSquawk: China Offers No Confirmation On US Trade Deal – WSJ https://t.co/hWUwdf4iow
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.28% Silver: 0.26% Gold: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/La4HQtV3ur
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.68% 🇪🇺EUR: 0.48% 🇳🇿NZD: 0.26% 🇨🇦CAD: 0.18% 🇦🇺AUD: 0.11% 🇯🇵JPY: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SoW8VDJZgA
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.32% France 40: 1.22% Wall Street: 0.55% US 500: 0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hXfpb9bT4W
  • Euro vs USD Forecast: EUR/USD Gears up to 1.1200 Handle – What’s Next? More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2019/12/13/Euro-vs-USD-Forecast-EURUSD-Gears-up-to-1.1200-Handle-Whats-Next-MK.html/?CHID=9&QPID=917714 https://t.co/DkAGBJlDTH
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/mk1w1DM2Rh https://t.co/gfDv4QcaZ7
JPN225 Technical Analysis: No Man Land unto Next Support

JPN225 Technical Analysis: No Man Land unto Next Support

2016-02-10 04:27:00
Nathalie Huynh,
Share:

Talking Points:

  • Nikkei 225 Strategy: Sit still or small intraday trades around 76.4% Fibonacci
  • No clear stops on the way down after breach of major support at 15,978
  • Volatility and global sentiment continue to drive regional equities

Chaotic risk rout spread and the JPN 225 fell into no man’s land below 15,978, a previous support that was broken earlier today. There is no clear hindrance to the index from here on unto the next support at 14,353. One possible technical level to consider is the 76.4% Fibonacci of a 2-year climb during 2014 and 2015.

Short term traders may position for a modest struggle around this Fibonacci at 15,545 before the index may continue its way down. For long-term traders, this is not a good time to place positions given the absence of clear technical indications.

Firm support levels ahead are 2-year low at 14,353, followed by 2014’s yearly low at 13,830.

JPN225 Technical Analysis: No Man Land unto Next Support

Need a hand to start trading:Free Guides

JPN225 Technical Analysis: No Man Land unto Next Support

Daily Chart - Created Using FXCM Marketscope

Losing Money Trading Forex? This Might Be Why.

Want to read market’s momentum: Speculative Sentiment Index

--- Written by Nathalie Huynh, Strategist for DailyFX.com

Contact and follow Nathalie on Twitter: @nathuynh

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

DISCLOSURES

News & Analysis at your fingertips.