NIKKEI 225 (NKY) Fares the Worst Out of Global Equity Indices, 4 Day Up Streak Broken; in a Downtrend Over Past 90 Days

NIKKEI 225 Daily Price Recap

NIKKEI 225 is down 0.04% ($7.47) since the day prior, marking a reversal from the day prior — and the end of a 4 day positive run. On a relative basis, NIKKEI 225 was the worst performer out of all 8 of the assets in the global equity indices asset class today. Let’s take a look at the daily price chart of NIKKEI 225.

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 down. For additional context, note that price has gone down 17 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:

  • From RANsquawk:

    Asia stocks are lower in early trade after the Wall St rally lost steam ahead of looming key events, while ASX 200 underperforms as financials suffer from APRA guidance on dividends and following the Outlook cut by S&P; ASX 200 (-2.3%), Nikkei 225 (-0.4%), KOSPI (-0.5%)

  • From RANsquawk:

    Asia markets begin mostly higher as region benefits from the tailwinds from Wall St, where the major indices were underpinned by hopes of a coronavirus peak and after oil rallied on optimism heading into today’s OPEC+ meeting; ASX 200 (+1.3%), Nikkei 225 (-0.2%), KOSPI (+1.5%)

  • From HichFX:

    Nikkei 225 & USD/JPY Price Outlook: Gains Contingent on Risk Appetite | #Forex