Asia Pacific Markets weekly outlook

ASX200 6 month Fibonacci retracement chart

ASX200 weekly pivot point levels

*ASX200 weekly forecast and technical analysis:-

ASX 200 index as breeched 200 DMA we seen sharp selling and on last session closed at 4046.on downside now last support is 4005.ASX 200 index 6 month retracement chart,show this index broken 76-78% retracement level and this is fresh bearish move for short time.below 4150 this index has targets of 3900-3750 for upcoming time.

*Nikkei225 6 month Fibonacci retracement chart:-

* Nikkei225 weekly pivot point levels:-

*Nikkei225  weekly forecast and technical analysis:-

Nikkei also tumbled in this week and almost down 4% and closed at 8611 on Fridays session.for next week we eyes downside targets of 8300 and then 8150.on 6 month Fibonacci retracement chart,major  retracement 76-78% got breeched and that is signal of fresh downside breakout for short term.in June may show 8400 to 8000.all indicators are in oversold area.

*Hangseng 6 month Fibonacci retracement chart:-

* Hangseng weekly pivot point levels:-

*Hangseng weekly forecast and technical analysis:-

Hangseng is most under performer and lost 5% in this week on sharp selling.for next week momentum is bearish with downside targets 18,350 and then 17,900 while major week resistance will be 19,200.on above Fibonacci retracement chart,still above major support of 76-78% retracement band!!in June may expect levels of 18,600 to 17,700 if global worries continues.

*SSE(Shanghai) 6 month Fibonacci retracement chart:-

* SSE(Shanghai) weekly pivot point levels:-

*SSE(Shanghai) weekly forecast and technical analysis:-

Chinese shanghai  index also in downtrend and lost 2.5% in this week.for next week downside targets are 2320 and then 2300 while resistance level will be 2357.on above Fibonacci retracement chart,SSE closed below 61.8% retracement level.SSE made double top at 2450 and 2260 will be next long term downside breakout point.

*SGX 6 month Fibonacci retracement chart:-

* SGX weekly pivot point levels:-

*SGX weekly forecast and technical analysis:-

SGX this week tumbled 4% and closed at 2779.for next week downside target are 2725 and 2678 while resistance will be 2799.on Fibonacci retracement chart, SGX corrected 62% of last bull rally.on downside by chart 2700 is most important level from short to medium term view.below 2800 we expect target of 2655.

*KOSPI 6 month Fibonacci retracement chart:-

* KOSPI weekly pivot point levels:-

*KOSPI weekly forecast and technical analysis:-

KOSPI this week lost almost 7% from week high and trading at 1782 now.for next week 1770 and then 1685 are deep downside targets.on chart very bearish and this is stiff fall may be selling remain continue vigorously here!!may show 1500 and below levels in 2012!!