Londinia Opportunities Analyses - 04/30/2024 (GMT) NIKKEI225 $ FULL0624 - 1H

- USD (-)

- 10 min delayed data - CME Globex Futures

Type:	Futures
Ticker:	NKDXXXX
ISIN:	NKDXXXX

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 38,254 USD

My targets

38,760 USD (+0.69%)

39,393 USD (+2.33%)

My analysis

The bullish trend is currently very strong on NIKKEI225 $ FULL0624. As long as the price remains above the support at 38,254 USD, you could try to benefit from the boom. The first bullish objective is located at 38,760 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 39,393 USD as an objective. Crossing it would then enable buyers to target 40,845 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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Additional analysis

Quotes

The NIKKEI225 $ FULL0624 rating is 38,495 USD. The price registered an increase of +0.38% on the session and was between 38,220 USD and 38,655 USD. This implies that the price is at +0.72% from its lowest and at -0.41% from its highest.

38,220

38,655

38,495

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NIKKEI225 $ FULL0624 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37,165	37,879	38,254	38,495	38,496	38,760	40,845
Change (%)	-3.45%	-1.60%	-0.63%	-	+0.00%	+0.69%	+6.10%
Change	-1,330	-616	-241	-	+1	+265	+2,350
Level	Minor	Minor	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37,562	37,883	38,117	38,438	38,672	38,993	39,227
Camarilla	38,197	38,248	38,299	38,350	38,401	38,452	38,503
Woodie	37,518	37,861	38,073	38,416	38,628	38,971	39,183
Fibonacci	37,883	38,095	38,226	38,438	38,650	38,781	38,993

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36,092	36,593	37,492	37,993	38,892	39,393	40,292
Camarilla	38,005	38,133	38,262	38,390	38,518	38,647	38,775
Woodie	36,290	36,693	37,690	38,093	39,090	39,493	40,490
Fibonacci	36,593	37,128	37,459	37,993	38,528	38,859	39,393

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35,637	36,888	38,457	39,708	41,277	42,528	44,097
Camarilla	39,250	39,508	39,767	40,025	40,284	40,542	40,801
Woodie	35,795	36,968	38,615	39,788	41,435	42,608	44,255
Fibonacci	36,888	37,966	38,631	39,708	40,786	41,451	42,528

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	55.00
MACD (12,26,9):	32.0000
Directional Movement:	-2
AROON (14):	36
DEMA (21):	38,475
Parabolic SAR (0,02-0,02-0,2):	38,638
Elder Ray (13):	43
Super Trend (3,10):	38,295
Zig ZAG (10):	38,495
VORTEX (21):	1.0000
Stochastique (14,3,5):	58.00
TEMA (21):	38,445
Williams %R (14):	-36.00
Chande Momentum Oscillator (20):	175
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.00

MA7:	38,123
MA20:	38,619
MA50:	39,149
MA100:	37,079
MAexp7:	38,458
MAexp20:	38,428
MAexp50:	38,323
MAexp100:	38,193
Price / MA7:	+0.98%
Price / MA20:	-0.32%
Price / MA50:	-1.67%
Price / MA100:	+3.82%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.79%

Quotes : - 10 min delayed data - Futures CME Globex