NIKKEI 225 (NKY) Up 0.79%; Pin Bar Pattern Appearing on Chart

NIKKEI 225 Daily Price Recap

NIKKEI 225 entered today at 19498.5 in US dollars, up 0.79% ($152.73) from the previous day. On a relative basis, NIKKEI 225 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Below is a daily price chart of NIKKEI 225.

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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 8 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar