NIKKEI 225 (NKY) Outperforms All equity indices, Up 1.04%; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated January 14, 2021, 03:019 GMT

Currently, NIKKEI 225’s price is up 49.97 (0.17%) from the hour prior. The hourly chart shows that NIKKEI 225 has seen 3 straight up hours. 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 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

NIKKEI 225 is up 1.04% (292.25) since yesterday, marking the 4th day in a row it has gone up. NIKKEI 225 outperformed all 14 assets in the equity indices asset class since yesterday. The daily price chart of NIKKEI 225 below illustrates.

NKY

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 up. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 8 them.