NIKKEI 225 (NKY) Up 0.36%; Pin Bar Pattern Appearing on Chart

The Hourly View for NKY

Last Updated April 27, 2021, 02:018 GMT

At the moment, NIKKEI 225’s price is down -45.03 (-0.15%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NIKKEI 225 has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NIKKEI 225 Daily Price Recap

NIKKEI 225 entered today at 29126.23, up 0.36% ($105.6) from the previous day. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 5th since the previous day in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!