Comparative Technical Approach
A distinct variation applied on the NK225 defining its price and chart patterns; as well as a support the derived trend analysis can be a little more complicated. There are at least over 8 valid indicators combined that draws similar conclusive information as to the true directional trend of the NK225 from where it came from. Here goes!
Two (2) Distinct & Relative Technical Trading Approach
Two (2) Distinct & Relative Technical Trading Approach
MT101 Chart A above, indicates a combination of 6 technical indicators applied. The distinct 'Descending / Falling Wedge' formation is a classic of its own indicating an early signal of price reversal in the making. And a price break out from the first initial resistance level with enough momentum was indeed true.
We have declassified this on our market analysis reflecting the early signals of higher probability of a price recovery contrary to the market sentiments of a stronger Yen. While a probable turn around for the USD to strengthen when the USDJPY marked a 104.63 low on March 26, 2016. Further chart references that MT101 apply the MA Cross over in relation with the USD / Japanese Yen and the Nikkei 225 crucial cross road analysis
We have declassified this on our market analysis reflecting the early signals of higher probability of a price recovery contrary to the market sentiments of a stronger Yen. While a probable turn around for the USD to strengthen when the USDJPY marked a 104.63 low on March 26, 2016. Further chart references that MT101 apply the MA Cross over in relation with the USD / Japanese Yen and the Nikkei 225 crucial cross road analysis
MegaTrade101 strategic technical approach is compared with Daryl Guppy's Chart B above which defines his analysis using the GMMA or known as the Guppy Mutiple Moving Averages. A combination of grouping near /long term variable moving averages in wide and compressed market situations as indicated on the chart. When such a compression is in agreement both price & value, expect the market to make relative good market swings.
CORRELATION between the NK225 and the foreign exchange rates of the USDJPY has always been a part of the trading equation in oour trading and investment process. However, as part of our due diligence in supporting our fundamental market perspective by extending ways to check the best technical approach.
Related Information: USDJPY Nikkei 225 Aligns with USD Move
When Price & Value plus their CORRELATION with technical analysis are in agreement, expect the market to move considerably.
ReplyDeleteAs of 5.11.18, the NK225 have advance on both US Futures and Asian TOPIX Session.
ReplyDeleteThis has clearly paved the way of Asian stocks to move higher from a spill over of the US Equities market which all three major indices have moved into positive territory for the recovery. The two distinct technical outlook reflected on the previous market call analysis have been VALIDATED, while waiting for the closing prices for the week.
USDJPY SPOT ASIAN SESSION
109.44 +0.036 (+0.03%)
JAPANESE YEN CME FUTURES
6JM8 0.009158 -0.000055
NIKKEI 225
22,725.42 +228.24 (+1.02%)
NKDM2018 CME FUTURES
22,710.00 +190.00 (+0.84%)
It is ONLY after the fact when prices have moved that the two technical approach although, there are some distinct differences; yet quite effective have still managed to deliver the best probable end-result for the trade of the week. Let's see how the NKDM2018 futures manage to for the US closing prices applying the USDJPY currency pair as a guide.
ReplyDeleteAlthough, lagging in nature, technical indicators are still mathematical equations that reflects price action. Certain chart patterns can define a certain degree of accuracy by proper market interpretation from the traditional form of analysis.
ReplyDeleteThus, this is where the psychological behavior of market participants are identified which can provide an effective analysis that has a higher probability of the market's true direction and simply not just the face value that the charts presents.
Price Update: As of May 13-14, 2018
ReplyDeleteAsia to US trading session
#Dow Jones Industrial Average (#DJIA)
DJIA Currency in USD
24,967.36 +136.19 (+0.55%)
#Nikkei225 #FUTURES Index (#NKDM18 #CME)
CME Currency in #USD
22,880.00+165.00 (+0.73%)
#Nikkei225 #TOPIX (N225)
Currency in #JPY
22,865.86+107.38 (+0.47%)
#US #Dollar Index #DXY #ICE
ReplyDeleteCurrency Index in USD
92.418 -0.136 (-0.15%)
Price, Time & Correlation is still effective based on Price action #analysis for the past 4 days.
ReplyDeleteUS Dollar Index DXY #ICE
Currency Index in USD
93.41 +0.633 +0.091 (+0.10%)
USDJPY (SPOT) Foreign Exchange Rate
CCY Currency in #USD vs #JPY
110.69 +0.423 (+0.38%)
Nikkei225 FUTURES Index (#NKDM18 #CME)
CME Currency in #USD
22,925.00 +105.00 (+0.46%)
Nikkei225 TOPIX (N225)
Currency in #JPY
22,838.37 +121.14 (+0.53%)