Start
trading

Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
We are flat temporarily with #NIKKEI

We are flat temporarily with #NIKKEI | 24 December 2021

#Gas weekly

We are flat temporarily with #NIKKEI

Technical observation

Last week #Gas retraced to the supportive zone 3.730-3.634 but it could not break below it, the value of this commodity was sustained above the zone and as long as it remains there, I can only recommend picking bullish positions. If you bought #Gas within the zone 3.730-3.634 after a bounce, remain long with your take profit at 5.658 and stop loss at 3.193. In case this commodity hits this take profit and there is a clear breakout above it with a big green candle, I expect a further surge to the resistance level 6.521. On the other hand, in case of a clear penetration below the zone mentioned above with big red candle, I expect bearish movement towards the level 2.071.

 Trade recommendation

 Remain long with your take profit at 5.658.

#NIKKEI weekly

We are flat temporarily with #NIKKEI

Technical observation

#NIKKEI is retracing steadily to the supportive zone it established at 27146-26880, I expect a continuation of this bearish movement to the same zone followed by a bounce within it to pick long positions with my take profit at 30299 and stop loss at 25366. In case there is no bounce within the zone 27146-26880 but a clear breakout below it with a big red candle, wait for a pullback and rejection within it before you pick short positions. On your way downwards the key levels to look for include 24169, 19266 and the lowest supportive level 14805. As long as #NIKKEI is above the zone 27146-26880, I can only recommend long positions.

 Trade recommendation

Wait for a correction to the zone 27146-26880 to buy #NIKKEI.

#Brent weekly

We are flat temporarily with #NIKKEI

Technical observation

The value of the commodity on the chart above is trading with an increasing bearish bias above a zone 69.35-68.19, this downwards movement is a correction to the zone mentioned above and I expect a rejection of it within the same zone followed by a surge to the upper side. My advice, remain flat temporarily and wait for a correction to the zone 69.35-68.19 then buy #Brent within it with your take profit at 68.52 and stop loss at 62.51. In case there is a clear break below the zone I have mentioned above with a big red candle, wait for a retracement to the just broken zone then sell a bounce within it towards the supportive level 45.86.

 Trade recommendation

 Remain flat temporarily.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:

Close
Log in

Show password

Hide password

 Forgot password?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.