NIKKEI 225 (NKY) Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated June 2, 2021, 03:019 GMT

At the moment, NIKKEI 225’s price is up 40 (0.14%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. 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 is down 0.16% (45.74) since the previous day, marking the 2nd consecutive day a decrease has occurred. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 12th since the previous day in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 8 them.