Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Purepoint Uranium Sets Final Size of Private Placement...
Lahontan Acquires Strategic Claims South of The York...
Homerun Resources
LaFleur Minerals Files Amended and Restated Offering Document
Shallow, high-grade drilling results continue at Sandstone
Matt Geiger: Hard Assets at Turning Point, How...
Homerun Resources: Establishing a Vertically Integrated Leader in...
Top 10 Silver-producing Countries
Crypto Market Update: South Korea and Japan Set...
Silver Miners Deliver Record Q2 Earnings as Price...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

Nikkei in limited recovery in first two days of this week

by admin September 12, 2024
September 12, 2024
Nikkei in limited recovery in first two days of this week

Nikkei in limited recovery in first two days of this week

  • Significantly, last week, at the opening of the market on Wednesday, the Nikkei experienced a substantial bearish gap, falling from 38725.00 to 38050.00

Nikkei chart analysis

Significantly, last week, at the opening of the market on Wednesday, the Nikkei experienced a substantial bearish gap, falling from 38725.00 to 38050.00.  That move indicated that the index could pull back and look for new support at lower levels. Bearish consolidation continued until Monday when we stopped at the 35247.87 level. The new support was useful for us to initiate a bullish recovery to today’s high at 36537.68.

There is a new loss of bullish momentum and a turn to the bearish side again. The Nikkei is now again below the daily open price, which this time strengthens the bearish momentum. We can easily expect to see a new bearish gap below 36000.00 at the opening of the next Asian session. Potential lower targets are 35500.00 and 35000.00 levels.

 

The return to the bullish side is not complete until we return above the EMA 200 moving average

If the Nikkei manages to maintain its position above 36000.00 in the next session, we could witness a bullish consolidation and an extension of this week’s recovery. At 37000.00, the index is projected to surpass the EMA 50 moving average, a sign of a strengthening bullish trend. A further recovery above 37700.00 would establish new support, this time at the EMA 200 moving average.

With that step, we move into a strong bullish trend and expect further recovery. Potential higher targets are 38000.00 and 38500.00 levels. Of the Nikkei’s 225 components, 86 stocks rose, 138 fell, while one ended unchanged. The market remains cautious ahead of the outcome of the Fed’s interest rate decision, while we also have the Bank of Japan meeting this month.

 

The post Nikkei in limited recovery in first two days of this week appeared first on FinanceBrokerage.

previous post
Ethereum price stopped the bullish trend this morning
next post
Ethereum is waiting for a breakthrough above the EMA 200

You may also like

Nifty and German 40: Nifty again close to...

August 28, 2024

EURGBP and EURCHF: EURCHF extends bullish trend

August 13, 2024

S&P 500 and Nasdaq: S&P 500 rushes to...

September 27, 2024

S&P 500 and Nasdaq: Another all-time high for...

October 1, 2024

Bitcoin Near All-Time High, Ethereum Shows Slow Uptrend 

November 1, 2024

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

December 29, 2024

Direct Line Share Price Is Fluctuating. What’s the...

August 8, 2024

Dell Stock Beyond the Expectations: Q2 Highlights

August 31, 2024

Stock Futures Lower after S&P 500 futures ticked...

January 28, 2025

USDCHF and USDJPY: USDJPY is falling below last...

September 7, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Purepoint Uranium Sets Final Size of Private Placement at $6 Million

      August 20, 2025
    • Lahontan Acquires Strategic Claims South of The York Pit, Expanding The Santa Fe Mine Project

      August 20, 2025
    • Homerun Resources

      August 20, 2025
    • LaFleur Minerals Files Amended and Restated Offering Document

      August 20, 2025
    • Shallow, high-grade drilling results continue at Sandstone

      August 20, 2025
    Promotion Image

    banner ads

    Categories

    • Business (820)
    • Economy (829)
    • Investing (2,655)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved