Technical Update - Bearish trends confirmed in Hang Seng, China A50 & JP225 Technical Update - Bearish trends confirmed in Hang Seng, China A50 & JP225 Technical Update - Bearish trends confirmed in Hang Seng, China A50 & JP225

Technical Update - Bearish trends confirmed in Hang Seng, China A50 & JP225

Equities 3 minutes to read
Kim Cramer Larsson

Technical Analyst, Saxo Bank

Hang Seng Index has closed below support at 18,052 and is set for lower levels towards 17K.
Bearish trend on both daily and weekly chart i.e., short-and medium-term.

There is no strong support until 17,000.

To demolish and place the trend in neutral a close above 18,562 is needed. To reverse to bullish trend a close above 19,500 is needed

hsi d 1808
Source all charts and data: Saxo Group

The HK50 cfd down trend points to a move to support at 17,328 but could spike down to 16,800

A close above 19,495 and HK50 will turn bullish


hk50 d 1808

FTSE China A50 future down trend continues and is likely to continue. Minor support at around 12,394 and strong key support at around 12,204.

A close below the latter A50 could be hit with heavy selling down to support at around 11,831

To pause the down trend a close above 12,725 but to reverse it A50 needs to close above 13,064

A50 d 1808

JP225 cfd broke bearish out of its range to the support at 31,351. But there is likely to be further downside in store for JP225. RSI is showing negative sentiment indicating JP225 could slide down to support at around 30,600.

The 100 Moving Average will offer some support but most likely not strong enough to prevent JP225 from dipping lower.

A move back to close above 32,820 will reverse the downtrend
jp225 d 1808


The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
Notification on Non-Independent Investment Research (
Full disclaimer (
Full disclaimer (

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15

Contact Saxo

Select region


Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.