Start
trading

Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
We are long with #NIKKEI towards 30299

We are long with #NIKKEI towards 30299 | 07 January 2022

#NIKKEI weekly

We are long with #NIKKEI towards 30299

Technical observation

The commodity on the weekly chart above established a supportive zone at 27322-26998 and for several weeks now it has been trading above this zone. Right now the value of #NIKKEI is trading with an increasing bullish bias below the resistance level 30299 and I expect it to rise to the same level followed by either a clear break above it with a big green candle or a bounce at it. If you are currently long with this commodity, remain in the trade with your take profit at 30299 and stop loss at 25672. Should there be a clear breakout below the zone 27322-26998, I expect a momentum to the lower side towards the supportive level 24169.

 Trade recommendation

 

 Remain long with your take profit at 30299.

#WTI weekly

We are long with #NIKKEI towards 30299

Technical observation

#WTI retraced to the supportive zone 64.43-61.83 but it did not break below it and as long as it is sustained above this zone I expect nothing but a surge to the upper side. Currently the value of this commodity is trading with an increasing bullish bias slightly below the resistance level 83.61 and my expectation is a rise to the same level followed by either a clear breakout above it with a big green candle, or a rejection at it followed by a another correction to the zone 64.43-61.83, In case you are currently holding bullish positions with #WTI, my advice is you remain in the trade with your take profit at 83.61 and stop loss at 54.05.

 Trade recommendation

 Remain bullish with your take profit at 83.61.

#Gas weekly

We are long with #NIKKEI towards 30299

Technical observation

 The commodity on the weekly chart above broke below the level 4.843 with a big red candle then declined steadily up to the supportive zone 3.500-3.404 but could not break below it. As long as # Gas is sustained above the zone 3.500-3.404 I can only recommend bullish positions for this commodity. If you picked long positions within the zone I have mentioned above after a bounce, remain the trade with your take profit at 4.843 and stop loss at 2.906. In case there is a clear break below the supportive zone 3.500-3.404, wait for a correction then sell a bounce within it with your take profit at 2.072 and stop loss at 4.056.

Trade recommendation

 Remain long with your take profit at 4.843.

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.