NIKKEI 225 (NKY) Heads Down For the 2nd Consecutive Day

The Hourly View for NKY

Last Updated May 14, 2021, 00:019 GMT

At the time of this writing, NIKKEI 225’s price is down -145.08 (-0.53%) from the hour prior. This is the 2nd hour in a row NIKKEI 225 has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

NIKKEI 225 Daily Price Recap

NIKKEI 225 closed the day prior down 1.61% (461.08); this denotes 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. Below 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 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days NIKKEI 225’s price has gone up 18 them.