NIKKEI 225 (NKY) Tops All equity indices, Makes Big Move Relative to Two Week Trend; Up 2.66%

The Hourly View for NKY

Last Updated December 30, 2020, 02:018 GMT

At the time of this writing, NIKKEI 225’s price is up 20 (0.07%) from the hour prior. NIKKEI 225 has seen its price go up 12 out of the past 14 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 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 closed yesterday up 2.66% (714.12); this denotes the 2nd day in a row an upward move has occurred. 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. For additional context, note that price has gone up 16 out of the past 30 days.