Technicals

Add as a preferred source on Google

FxWirePro: Nikkei225 faces resistance at 200HMA, good to buy at dips

Major Intraday support – 15250 (Hourly Kijun-Sen) Major support -14770 (Feb 2nd 2016) Major Intraday resistance- 15720 (200 H MA) Nikkei225 has recovered till 15568 after making a low of 14990 on Monday. It is currently …

1 min read
FxWirePro: Nikkei225 faces resistance at 200HMA, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • Major Intraday support – 15250 (Hourly Kijun-Sen)
     
  • Major support -14770 (Feb 2nd 2016) 
     
  • Major Intraday resistance- 15720 (200 H MA) 
     
  • Nikkei225 has recovered till 15568 after making a low of 14990 on Monday. It is currently trading around 15510.
     
  • The index is trading slightly above psychological level 15500 (90 H EMA) and it should close above 15720 in hourly chart for further bullishness.
     
  • On the lower side immediate support is around 15250 (Hourly Kijun-Sen) and any break below targets 14990/147700. 
     
  • The Nikkei225 is facing resistance around 15720 (200 HMA)  and any break above targets 15900/16250. 

It is good to buy at dips around 15400 with SL around 15250 for the TP of 15900/16250

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560