Japan & Korea Archives - Page 24 of 31

May 24, 2012

Forex: Japanese Yen

The US Dollar broke support at ¥80 Japanese Yen and is now at the 61.8% Fibonacci level. Failure of short-term support at ¥79 would indicate another test of primary support at ¥76. The long-term bearish divergence on 63-day Twiggs Momentum continues, however, and a trough above zero would indicate a fresh primary advance. Breakout above ¥84 would confirm.

USD/Japanese Yen

* Target calculation: 84 + ( 84 – 80 ) = 88

Colin Twiggs

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.

May 22, 2012

Japan & South Korea

Japan’s Nikkei 225 Index is headed for a test of primary support at 8000 after breaking both support at 9000 and the rising trendline. 13-Week Twiggs Money Flow below zero warns of long-term selling pressure. Breach of 8000 would resume the primary down-trend, offering a long-term target of 6000*.

Nikkei 225 Index

* Target calculation: 8000 – ( 10000 – 8000 ) = 6000

Dow Jones South Korea Index is retracing to test resistance at 425 after a sharp fall below the rising trendline. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of primary support at 380 would confirm, signaling a decline to the 2011 low of 350.

Dow Jones South Korea Index

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 17, 2012

Forex: Japanese Yen

The US Dollar found support at ¥80 Japanese Yen. A 63-day Twiggs Momentum trough high above zero would indicate a strong up-trend. Recovery above the declining trendline and resistance at ¥82 would strengthen the signal. Failure of support is unlikely but would test primary support at ¥76.

USD/Japanese Yen

* Target calculation: 84 + ( 84 – 80 ) = 88

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 15, 2012

Japan & South Korea

Dow Jones Japan Index is headed for a test of primary support at 47. Reversal of 13-week Twiggs Money Flow below zero warns of long-term selling pressure. Failure of support would resume the primary down-trend, offering a target of 38*.

Dow Jones Japan Index

* Target calculation: 48 – ( 58 – 48 ) = 38

Dow Jones South Korea Index reflects stronger support on 13-week Twiggs Money Flow, but reversal of 63-day Twiggs Momentum below zero would still warn of a primary down-trend. Failure of primary support at 380 would confirm.

Dow Jones South Korea Index

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 9, 2012

Forex: US Dollar/Japanese Yen

The US dollar is testing long-term support at ¥80. Failure would warn of weakness in the primary up-trend but 63-Day Twiggs Momentum holding above zero suggests continuation. Recovery above ¥82 would indicate a fresh primary advance, with a target of ¥90*.

US Dollar/ Japanese Yen

* Target calculation: 85 + ( 85 – 80 ) = 90

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 3, 2012

Forex: US Dollar/Yen

The US dollar is testing long-term support at ¥80. Failure would warn of weakness in the primary up-trend, while respect would indicate a primary advance to ¥90. 63-Day Twiggs Momentum holding above zero suggests continuation of the primary trend.

US Dollar/ Japanese Yen

* Target calculation: 85 + ( 85 – 80 ) = 90

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 1, 2012

Japan & South Korea

Japan’s Nikkei 225 is consolidating between 9400 and 9700. Declining 21-day Twiggs Money Flow warns of selling pressure. Breakout below 9400 would test 9000. Recovery above 9700 is less likely but would indicate the start of another primary advance.

Nikkei 225 Index

The Seoul Composite Index is testing support at 1950. Respect would confirm the primary up-trend, offering a target of 2150*. Respect of the zero line by 63-day Twiggs Momentum would strengthen the signal.

Seoul Composite Index

* Target calculation: 1950+ ( 1950 – 1750 ) = 2150

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

April 26, 2012

Forex: Japanese Yen

The greenback is consolidating between ¥80 and ¥82 against the Japanese Yen. Recovery above ¥82 would indicate a fresh primary advance, with a target of ¥90*. Respect of zero by 63-day Twiggs Momentum would confirm a strong primary up-trend.

USD/Japanese Yen

* Target calculation: 85 + ( 85 – 80 ) = 90

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

April 19, 2012

Forex: Euro, Pound Sterling and Yen

The Euro is consolidating above support at $1.30. Failure would test primary support at $1.26. A 63-day Twiggs Momentum peak below zero would indicate continuation of the primary down-trend. In the long term, failure of $1.26 would signal a decline to the 2010 low of $1.19/$1.20*.

Euro

* Target calculation: 1.26 – ( 1.34 – 1.26 ) = 1.18

Pound Sterling is consolidating below resistance at $1.60. Upward breakout would indicate an advance to the 2011 high of $1.67 — confirmed if resistance at $1.62 is penetrated — while failure of short-term support at $1.58 would warn of another test of primary support at $1.53. 63-Day Twiggs Momentum above zero indicates a primary up-trend; but this would only be confirmed by breakout above $1.62.

Pound Sterling

The US Dollar is testing support at ¥80, against the Japanese Yen. Respect is likely and recovery above ¥82 would indicate a fresh primary advance. Penetration of resistance at ¥84 would confirm the primary up-trend already signaled by 63-day Twiggs Momentum above zero.

Japanese Yen

* Target calculation: 85 + ( 85 – 80 ) = 90

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

April 16, 2012

Japan & South Korea: strong buying pressure

Japan’s Nikkei 225 Index reflects strong buying support, with a long tail on last week’s candle. Recovery above 10000 would signal an advance to 11000*, the gap between the low (9400) and medium-term support at 9000 indicating strong buying pressure. 63-Day Twiggs Momentum confirms a strong primary up-trend.

Nikkei 225 Index

* Target calculation: 10 + ( 10 – 9 ) = 11

Dow Jones South Korea Index is holding above medium-term support at 425. Follow-through above 445 would confirm the advance to 480*. 13-Week Twiggs Money Flow respecting zero (from above) indicates a strong primary up-trend.

Dow Jones South Korea Index

* Target calculation: 420 + ( 420 – 360 ) = 480

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.