Categories: Technical analysis

Nikkei 225 index Wave Analysis – 28 April 2023

  

• Nikkei 225 broke resistance level 28645.00

• Likely to rise to resistance level 29250.00

Nikkei 225 index rising sharply after the price broke above the resistance level 28645.00 (which has been reversing the price from the end of August).

The breakout of the resistance level 28645.00 continues the active short-term impulse wave (iii), which belongs to the higher impulse waves 3 and (3).

Nikkei 225 index can be expected to rise further toward the next resistance level 29250.00 (target price for the completion of the active impulse wave (iii)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: nikkei225

Recent Posts

Pro News Video: Dollar Surges, GBP & EUR Under Pressure, Crypto Hits New Heights

This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…

1 day ago

Key Events for the Week From November 18th

Next week, several countries including Canada, the UK, and Japan will release their estimates of…

1 day ago

A Heavy Gold: Investors Taking Profits

Investors have been selling off gold, with this week's drop being the largest in three…

1 day ago

Hang Seng meltdown

The Hang Seng Index has fallen 20% from its peak, marking the start of a…

1 day ago

SP500 quiet correction

The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…

2 days ago

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

2 days ago

This website uses cookies