NIKKEI 225 (NKY) 2 Day Up Streak Ended; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated January 4, 2021, 02:018 GMT

Currently, NIKKEI 225’s price is up 170.1 (0.63%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NIKKEI 225 has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NIKKEI 225 Daily Price Recap

The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 27444.17 US dollars, down 0.45% (123.98) since the previous day. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 9th since the previous day in terms of percentage price change. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.