NIKKEI 225 (NKY) Down 0.68%; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated January 5, 2021, 02:019 GMT

At the moment, NIKKEI 225’s price is down -45.03 (-0.17%) from the hour prior. NIKKEI 225 has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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

NIKKEI 225 is down 0.68% (185.79) since the day prior, marking the 2nd consecutive day a decrease has occurred. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 10th for the day in terms of price change relative to the day prior. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIKKEI 225’s price has gone down 6 of the previous 10 trading days.