NIKKEI 225 Daily Price Recap
NIKKEI 225’s 3 day negative streak has officially concluded, as the candle from the previous day closed up 0.62% ($122.69). Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 3rd since the previous day in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.
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 down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 and 30 day timeframes. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.