Sell #NIKKEI within the zone 27551-27226 | 25 March 2022

#SP500 weekly

Sell #NIKKEI within the zone 27551-27226

Technical observation

#SP500 retraced to a supportive zone 4284.7-4229.1 but could not break below it and last week, the value of this commodity rose with a big green candle, I expect a continuation of this upwards movement to the resistance level 4785.2. If you pick long positions within the zone mentioned above last week, I would advise that you remain in the trade with your take profit at 4785.2 and stop loss at 3971.3. If there is clear break above the level 4785.2 with a big green candle, I expect a further momentum to the upper side after a correction to the broken line, however, should there be a penetration below the zone 4284.7-4229.1, I expect a momentum to the lower side.

 Trade recommendation

Remain long with your take profit at 4785.2.

#NQ100 weekly

Sell #NIKKEI within the zone 27551-27226

Technical observation

#NQ100 retraced to the resistance zone it established at 14542.2-14396.2 but could not break above it and as long as the value of this commodity is sustained below the same zone I expect nothing but a surge to the supportive level 10935.4. My advice, pick short positions within the zone I have mentioned above with your take profit at 10935.4 and stop loss at 15653.4. Should there be a clear penetration below the level 10935.4 with a big green candle, I anticipate a plunge towards the lower supportive level marked at 6009.1. On the other hand if there is a clear break above the zone 14542.2-14396.2, I expect #NQ100 to surge towards 16751.1.

Trade recommendation

 Sell #NQ100 within 14542.2-14396.2 with your take profit at 10935.4.

#NIKKEI weekly

Sell #NIKKEI within the zone 27551-27226

Technical observation

 Last week the value of the commodity on the chart above rose with a big green candle towards the resistance zone 27551-27226 but could not break above it and this week I expect bearish movements towards the supportive level 24215. My advice, pick short positions within the zone mentioned above with your take profit at 24215 and stop-loss at 28943. In case of a clear breakout below the level 24215 with a big red candle, I expect a further surge towards the lower supportive zone 20291-20034, however, if there is a clear break above the zone 27551-27226 with a big green candle, I expect bullish movements towards the level 30756.

 Trade recommendation

Sell #NIKKEI within the zone 27551-27226 with your take profit at 24215. 

Imelda Maseno
Analyst of «FreshForex» company
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