(Last Updated March 16, 2021)
Welcome to the news page for NIKKEI 225 (NKY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On NIKKEI 225, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.
The moving averages on NKY indicate a trend that is clearly bullish.
The chart below illustrates.
Currently, NKY’s price is up 49.14 (0.17%) from the week prior. Moreover, note that this is the 2nd straight week NKY has seen its price head up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NKY. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NKY’s price action over the past year.
Out of the 14 instruments in the equity indices asset class, nikkei 225 ended up ranking 10th for the day in terms of price change relative to the day prior.
Of note is that the 200 hour changed directions on nky; it is now pointing up.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.
This is the 2nd straight hour nikkei 225 has seen its price head down.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
For additional context, note that price has gone up 9 out of the past 14 days.
Relative to other instruments in the equity indices asset class, nikkei 225 ranked 8th since the previous day in terms of percentage price change.
Of note is that the 100 hour changed directions on nky; it is now pointing up.
And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well.
Out of the 14 instruments in the equity indices asset class, nikkei 225 ended up ranking 11th for the day in terms of price change relative to the day prior.