The Hourly View for NKY
Last Updated November 11, 2020, 01:05 GMT
At the moment, NKY’s price is up $274.92 (1.1%) from the hour prior. The hourly chart shows that NKY has seen 2 straight up hours. 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 NKY. Given that we see an uptrend on the 20 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
NIKKEI 225 is up 0.26% (65.75) since the day prior, marking the 6th straight day an upward move has occurred. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 11th since the day prior 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. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 8 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:
- From CapitalMoments:
Biden BounceShares in Japan hit a near 30-year high on Monday, the first day of trading following news that Joe Biden had won the US presidential election.Japan’s main share index – the Nikkei 225 – closed up 2.1% at a level not seen since 1991.
- From Newsquawk:
Asian stock markets follow suit to the gains in US equity futures with risk appetite underpinned following President-elect Biden’s victory, while Nikkei 225 rose above 24,500 to extend on its best levels in nearly 3 decades; ASX 200 (+1.4%), Nikkei 225 (+1.0%), KOSPI (+1.0%)
- From notayesmansecon:
It will be party time at The Tokyo Whale this morning as the Nikkei 225 closes up 2.1% at 24,839 which is the highest level for nearly 30 years. Sake for all at the Bank of Japan 🎉🥳🍾