NIKKEI 225 (NKY) Outperforms All 8 major Global Equity Indices; Up 2.56%

NIKKEI 225 Daily Price Recap

NIKKEI 225 came into today up 2.56% ($504.32) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. NIKKEI 225 outperformed all 8 assets in the 8 major global equity indices asset class since the day prior. Congrats to its holders! 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. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that NIKKEI 225’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From HichFX:

    Nikkei 225 & USD/JPY Price Outlook for the Week Ahead | #Forex