NIKKEI 225 (NKY) Outperforms All equity indices; Up 0.96%

The Hourly View for NKY

Last Updated June 16, 2021, 02:018 GMT

Currently, NIKKEI 225’s price is down -25 (-0.09%) from the hour prior. This is the 2nd hour in a row NIKKEI 225 has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NIKKEI 225. 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 0.96% (279.5) since the day prior, marking the 2nd consecutive day an upward move has occurred. NIKKEI 225 outperformed all 14 assets in the equity indices asset class since the day prior. The daily price chart of NIKKEI 225 below illustrates.


NIKKEI 225 Technical Analysis

Volatility for NIKKEI 225 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. For another vantage point, consider that NIKKEI 225’s price has gone up 7 of the previous 14 trading days.