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
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
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Mixed
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
Bearish
More View more
Real Time News
  • Japanese Yen May Add to Gains, Walmart Eyed After Apple Shock - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/02/18/Japanese-Yen-May-Add-to-Gains-Walmart-Eyed-After-Apple-Shoc.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #Apple #Walmart #USDJPY #JPY #coronavirus https://t.co/ESAG7nsrjf
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.74%, while traders in Germany 30 are at opposite extremes with 81.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9nVQ63GHTz
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.49% Oil - US Crude: -1.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KecsJfEneA
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.11% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.07% 🇬🇧GBP: -0.22% 🇳🇿NZD: -0.41% 🇦🇺AUD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rWMpIqLrXr
  • Europe Advisor and Chief Negotiator David Frost - Reflections on the revolutions in Europe. #sterling #euuktrade #gbp @DailyFX https://t.co/jdYvoJczcR
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: -0.71% France 40: -0.76% Wall Street: -0.78% Germany 30: -0.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wcOJ5RwQr5
  • European Opening Calls From IG: #FTSE 7391 -0.56% #DAX 13712 -0.52% #CAC 6054 -0.52% #AEX 626 -0.47% #MIB 25036 -0.34% #IBEX 9973 -0.50% #STOXX 3833 -0.52%
  • #Gold prices were well supported in any case but #Apple's admission that the coronavirus has hit its Chinese suppliers saw the metal move up. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/02/18/Gold-Prices-Get-Boost-as-Apple-Warning-Sharpens-Virus-Fears.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr #Crudeoil, #commodities
  • RT @business: BREAKING: HSBC to slash 35,000 jobs, about 15% of its workforce, over three years https://t.co/skORsJlIes https://t.co/lAXJxM…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in Germany 30 are at opposite extremes with 83.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jYqUyArf3u
Nikkei 225 Bounces back from Support Level

Nikkei 225 Bounces back from Support Level

2016-04-07 02:52:00
Nathalie Huynh,
Share:

Talking Points:

  • Strategy: Adjust positions as downtrend shows signs to wane
  • Flat momentum signals provide little insight on upcoming direction
  • Sideways trading may emerge if Nikkei does not contest 16,000 or resistance level at 16,461.5

The Nikkei 225 has bounced back from the 15,523 support level, although it remained under the 16,000 mark that was broken earlier this week. Flat momentum signals hint at sideways movement in the near term, rather than an upward reversal.

Investors with short positions may keep watch of the 16,000 level, where a topside break might prove to be a strong sign that the recent downtrend has finished. Investors with long positions or those who look to trade the range could investigate opportunities if the 15,523 support level holds firmly into next week. A strong support level comes at 14,963 below that.

Any upward movement from here may first come to test 16,000 then the 16,461.5 resistance level above it. A consolidation period similar to the one occurred during mid to late February may emerge.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

Losing Money Trading Forex? This Might Be Why.

Nikkei 225 Bounces back from Support Level

Daily Chart - Created Using FXCM Marketscope

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

To receive Nathalie’s analysis directly via email, please SIGN UP HERE

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.