NIKKEI 225 (NKY) Down 0.45%; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated December 31, 2020, 03:019 GMT

At the moment, NIKKEI 225’s price is up 10.01 (0.04%) from the hour prior. NIKKEI 225 has seen its price go up 9 out of the past 10 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NIKKEI 225. Given that we see an uptrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NIKKEI 225 Daily Price Recap

The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 27444.17 US dollars, down 0.45% (123.98) since the previous day. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 13th since the previous day in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.