NIKKEI 225 (NKY) Outperforms All equity indices, 3 Day Down Streak Snapped; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated February 23, 2021, 23:18 GMT

Currently, NIKKEI 225’s price is down -75.01 (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 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 below 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

NIKKEI 225’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 0.46% (138.11). On a relative basis, today was pretty good: NIKKEI 225 bested all 14 of the assets in the equity indices class 🙂 Let’s take a look at the daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.