The Hourly View for NKY
Last Updated February 25, 2021, 00:019 GMT
At the moment, NIKKEI 225’s price is down -160.01 (-0.54%) 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. 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 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’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 0.46% (138.11). Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 4th since yesterday in terms of percentage price change. Below is a daily price chart of NIKKEI 225.
NIKKEI 225 Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.