NIKKEI 225 (NKY) Down 0.06%; is Inching Close to 20 and 100 Day Averages

The Hourly View for NKY

Last Updated June 29, 2021, 02:018 GMT

At the moment, NIKKEI 225’s price is down -60.01 (-0.21%) from the hour prior. The hourly chart shows that NIKKEI 225 has seen 2 straight down hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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

The back and forth price flow continues for NIKKEI 225, which started today off at 29048.02 US dollars, down 0.06% (18.16) from yesterday. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIKKEI 225’s price has gone down 8 of the previous 14 trading days.