{"id":9292,"date":"2010-05-11T05:48:50","date_gmt":"2010-05-11T09:48:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9292"},"modified":"2010-05-11T05:48:50","modified_gmt":"2010-05-11T09:48:50","slug":"nikkei-225-may-experience-bullish-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/11\/nikkei-225-may-experience-bullish-correction\/","title":{"rendered":"Nikkei 225 May Experience Bullish Correction"},"content":{"rendered":"<p><strong>By Greg Holden <\/strong>&#8211; Following such erratic price movements as that seen in the last few  days, we begin seeing a number of clearer technical signals. The Nikkei  225 is just one example among many where we see such data. At the  moment, this CFD is trading near a highly significant support level.  Should it break through, the index could free fall to as low as 10,100,  the next support line below the present one. However, our technical  indicators are suggesting that an upward correction may be on its way.<\/p>\n<p>&#8211; The technical indicators used are the  MACD\/OsMA, the Relative Strength Index (RSI), and the Fibonacci  Retracement lines were drawn.<\/p>\n<p>&#8211; Point 1: Here we can see that the price of this index has reached a  significant support line at the 23.6% level on our Fibonacci. This  suggests that the pair should experience strong opposing pressure.<\/p>\n<p>&#8211; Point 2: Our MACD is showing a clear, impending bullish cross,  suggesting the next significant movement will likely be bullish.<\/p>\n<p>&#8211; Point 3: The RSI is floating just inside the over-sold territory,  highlighting the bullish pressure being placed on this index.<\/p>\n<p><strong>Nikkei 225 \u2013 4-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/Nikkei-225-4-Hour.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/Nikkei-225-4-Hour.JPG\" alt=\"\" width=\"595\" height=\"582\" \/><\/a><\/p>\n<p><strong><em>Forex Market  Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                  Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                  may not be suitable for all investors.      There    is  a              possibility      that     you   could      sustain a  loss   of  all   of    your         investment and           therefore  you        should   not    invest   money  that   you           cannot afford to         lose. You    should    be      aware of    all       the    risks      associated with     Foreign      Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; Following such erratic price movements as that seen in the last few days, we begin seeing a number of clearer technical signals. The Nikkei 225 is just one example among many where we see such data. At the moment, this CFD is trading near a highly significant support level. Should it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/11\/nikkei-225-may-experience-bullish-correction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nikkei 225 May Experience Bullish Correction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9292","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9292"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9292\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}