NIKKEI 225 (NKY) Up 0.72%, Crosses 20 and 50 Day Moving Averages; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated April 2, 2021, 23:18 GMT

At the time of this writing, NIKKEI 225’s price is up 45 (0.15%) from the hour prior. NIKKEI 225 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 200 hour changed directions on NKY; it is now pointing up. 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

The back and forth price flow continues for NIKKEI 225, which started today off at 29388.87 US dollars, up 0.72% (210.07) from the previous day. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 7th for the day in terms of price change relative to the previous day. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

First things first: NIKKEI 225 crossed above its 20 and 50 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 another vantage point, consider that NIKKEI 225’s price has gone up 16 of the previous 30 trading days.