Ni225, D1

On the daily chart, the instrument was corrected to the midline of Bollinger bands, the price range narrowed. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic is in the neutral zone, the signal line is directed upwards.

Ni225, H4

On the 4-hour chart, the instrument reached the level of the lower border of Bollinger bands and slowed down. However, the price range expands, indicating a possible development of the downward movement. MACD histogram is around zero line, the signal line moves horizontally. Stochastic crosses the oversold zone downwards, forming a buy signal.

Key Levels

Resistance levels: 22584.26, 22804.11, 22934.98.

Support levels: 22327.76, 22165.49.

Trading tips

In the short term, long positions can be opened from the current level with the target at 22584.00 and stop loss 22328.00.

Short positions can be opened at the level 22327.50 with the target at 22165.50. Stop loss is 22436.00.

Implementation period: 1–3 days.

Japan 225 Index

BuySellSpread
226002233226800

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point22404.00
Take Profit22584.00
Stop Loss22328.00
Support levels22165.49, 22327.76, 22584.26, 22804.11, 22934.98

Alternative scenario

RecommendationsSELL STOP
Entry Point22327.50
Take Profit22165.50
Stop Loss22436.00
Support levels22165.49, 22327.76, 22584.26, 22804.11, 22934.98
Ni225: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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