{"id":87297,"date":"2016-03-28T14:50:17","date_gmt":"2016-03-28T18:50:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=87297"},"modified":"2016-03-28T14:50:17","modified_gmt":"2016-03-28T18:50:17","slug":"nikkei-might-rebound-to-resistance-area","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/03\/nikkei-might-rebound-to-resistance-area\/","title":{"rendered":"Nikkei Might Rebound to Resistance Area"},"content":{"rendered":"<div id=\"inves-2195767824\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 28, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Intraday Preference: BULLISH<\/strong><\/p>\n<p><strong>Reference Area: 16858-16752<\/strong><\/p>\n<p>A weaker yen helped the Nikkei to move in positive territory today, the yen and the Nikkei are likely to have a negative correlation. A weaker yen helps Japanese exporters increase profits by increasing the competitiveness of their products.<\/p>\n<p>The dominance of the dollar against the yen last week continued today, expectations of interest rate hikes in the US next month is a major factor that pushed the dollar higher.<\/p>\n<p><strong>Technical Analysis:<\/strong><\/p>\n<p>20 MA has crossed above 50 MA on hourly chart. Nikkei is in bullish bias in short-term view, with target at 17030. Hourly stochastic and CCI are oversold in general, with CCI is rising. As alternative strategy, watch for bullish signal confirmation on a pull-back move to the reference area at 16858-16752 with target at 16924-17030.<\/p><div id=\"inves-1930540411\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Be careful if the support at 16752 breaks, because it possibly will turn the intraday bias to bearish and potentially will be followed by a bearish move to 16676-16580.<\/p>\n<p>By Andrew Bulan, analyst for <a href=\"http:\/\/www.EconomicCalendar.com\">EconomicCalendar.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intraday Preference: BULLISH Reference Area: 16858-16752 A weaker yen helped the Nikkei to move in positive territory today, the yen and the Nikkei are likely to have a negative correlation. A weaker yen helps Japanese exporters increase profits by increasing the competitiveness of their products. The dominance of the dollar against the yen last week [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-87297","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=87297"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87297\/revisions"}],"predecessor-version":[{"id":87301,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87297\/revisions\/87301"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}