View RSS Feed

mql5

Nikkei 225 Technical Forecast for May, 2016: bullish ranging reversal or ranging bearish?

Rate this Entry
by , 04-26-2016 at 04:03 AM (1224 Views)
      
   
Weekly price is on bearish market condition located below Ichimoku cloud for the ranging within 17,736 resistance level for the ranging bullish reversal and 15,321 support level for the bearish trend to be continuing. Chinkou Span line is located below the price for the ranging bearish, and Absolute Strength indicator is estimating the trend as the secondary ranging in the near future.

If W1 price will break 15,321 support level on close W1 bar so the primary bearish trend will be continuing.
If W1 price will break 17,736 resistance level to above so we may see the reversal to the primary bullish condition with the secondary ranging.
If not so the price will be ranging within the levels.

Name:  nikkei-225-w1-gci-financial.png
Views: 145
Size:  29.1 KB

Resistance
Support
17,736 15,321
20,031 14,781
21,117 N/A

Submit "Nikkei 225 Technical Forecast for May, 2016: bullish ranging reversal or ranging bearish?" to Google Submit "Nikkei 225 Technical Forecast for May, 2016: bullish ranging reversal or ranging bearish?" to del.icio.us Submit "Nikkei 225 Technical Forecast for May, 2016: bullish ranging reversal or ranging bearish?" to Digg Submit "Nikkei 225 Technical Forecast for May, 2016: bullish ranging reversal or ranging bearish?" to reddit

Comments