NIKKEI 225 (NKY) Underperforms All equity indices, Down 2.07%; Breaks Below 20 Day Average

The Hourly View for NKY

Last Updated March 25, 2021, 00:019 GMT

At the moment, NIKKEI 225’s price is down -44.99 (-0.16%) from the hour prior. This is the 2nd straight hour NIKKEI 225 has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 closed yesterday down 2.07% (617.9); this denotes the 2nd day in a row a decline has happened. On a relative basis, NIKKEI 225 was the worst performer out of all 14 of the assets in the equity indices asset class today. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

Notably, NIKKEI 225 crossed below its 20 day moving average 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 additional context, note that price has gone up 7 out of the past 10 days.