Technicals

Add as a preferred source on Google

FxWirePro:Nikkei225 downside capped by 10-day MA, good to buy on dips

Minor Support - 18152 (10- day MA). •Nikkei225 has snapped the continuous winning streak on account of weak dollar and lower oil prices. It is currently trading at 18309 0.18% higher. The Japanese yen is trading slightly…

1 min read
FxWirePro:Nikkei225 downside capped by 10-day MA, good to buy on dips
Image from the original EconoTimes article

Read the original article

Minor Support - 18152 (10- day MA).

•Nikkei225  has snapped the continuous winning streak on account of weak dollar and lower oil prices. It is currently trading at 18309 0.18% higher.
The Japanese yen is trading slightly higher after jump till 113.89. The pair is currently trading around

•Technically index is slightly bullish as long as support 18150 (10- day MA) holds.

•On the higher side, major resistance is around 18500 and any break above targets 18800/19000 in the short term.

•The index immediate support is at 18150 (10- day MA) and any break below will drag the index down till 17645(21 day  MA) in the short term.

•The index should break below 16800 for further weakness.

 It is good to buy on dips around 18150-180  with SL 18000 for the TP of 18500/18780.

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