NIKKEI 225 (NKY) Up $414.49 Over Past 4 Hours, Underperforms All 8 major Global Equity Indices; Breaks Below 50 and 200 Day Averages

NIKKEI 225 4 Hour Price Update

Updated August 03, 2020 07:14 AM GMT (03:14 AM EST)

NIKKEI 225 is up 1.91% (414.49) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 8 four-hour candle negative run. On a relative basis, the current 4 hour candle were pretty good: NIKKEI 225 bested all 8 of the assets in the 8 major global equity indices class 🙂

NIKKEI 225 Daily Price Recap

NIKKEI 225 is down 2.93% (655.69) since the day prior, marking the 6th day in a row it has gone down. Those trading within the 8 major global equity indices asset class should know that NIKKEI 225 was the worst performer in the class today. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

First things first: NIKKEI 225 crossed below its 50 and 200 day moving averages yesterday. 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 additional context, note that price has gone down 18 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From RANsquawk:

    Asia begins mixed with price action tentative heading into a slew of PMI data and after a lack of breakthrough in US relief discussions, although Nikkei 225 outperforms on currency flows & after better than expected Q1 Final GDP; ASX 200 (-0.4%), Nikkei 225 (+1.2%), KOSPI (-0.3%)

  • From HichFX:

    S&P 500 Gains with Tech Earnings, Nikkei 225 Looks for Support | #Forex