Asian Stock Indices Go Down After 6 Sessions Of Growth

As reported by Market Leader (US)

sian stock indices are trading in the red zone today after 6 consecutive bullish sessions. The decline is mainly caused by the OECD’s negative forecast for the global economy.

 

The current market situation looks as follows:
MSCI Asia Pacific:  -0,5 % down to 123,09.
Nikkei 225: - 1%.
S&P/ASX 200: - 0,3%.
Kospi: - 0,7%.
 
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Nikkei 225. The price seems to confirm the retracement scenario (wave 4). The recent levels of resistance have turned into levels of support. The 9485 high is the key level for confirming or disproving the scenario.   Read more...

 

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