Adam Smith - Nikkie Technical Report


The top in the dollar is also a bottom for the Yen and a top for the USDJPY contract that has been the main driver for Japan. The Nikkie index therefore has topped at the end of 3 waves at 78.6% retracement of the previous fall and another move lower may have started in wave C down at larger degree. The lower end of the channel is at 13800.

Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article are purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd

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