Nikkei index fluctuates below the resistance – Analysis – 20-5-2022
Economies.com
2022-05-20 05:35AM UTC
Nikkei index formed minor bearish channel to confirm its affection by the domination of the bearish bias, noticing the continuous consolidation below 27000 resistance, allowing us to wait to gather the additional negative momentum to achieve the targets at 26330 and 25800.
Also, the moving average 55 leans above the current resistance to confirm blocking the price within the bearish track, to increase the chances of gathering the negative momentum and start recording the suggested negative targets.
The expected trading range for today is between 26850 and 26330
The expected trend for today: Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Crude oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by ...
Commodities
Silver price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Silver Price Analysis Expected Scenario Silver price shows sideways trades since ...
Commodities
Gold price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Gold Price Analysis Expected Scenario Gold price fluctuates within tight range ...