This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Nikkei 225 Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a correction decline last two weeks and it reacted exactly on EMA 100/200 last week. There is a sense of bull market because EMA 200 support EMA 100 (first circle) and we had a crossed of EMA50/EMA100 (second circle).
MACD is ready to give a bull sign on Monday getting itself above the zero line. RSI > 50.
The fib has a 1.618 next target at 15934. Long for it. Stop loss under the EMA 50 or 15179.
The Nikkei 225 Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a correction decline last two weeks and it reacted exactly on EMA 100/200 last week. There is a sense of bull market because EMA 200 support EMA 100 (first circle) and we had a crossed of EMA50/EMA100 (second circle).
MACD is ready to give a bull sign on Monday getting itself above the zero line. RSI > 50.
The fib has a 1.618 next target at 15934. Long for it. Stop loss under the EMA 50 or 15179.