Nikkei 225 Technical Analysis, Trade Signals and Price Forecast

Nikkei 225 Technical Analysis, Trade Signals and Price Forecast

nikkei technical analysis

NIKKEI 225 Technical Analysis: Weekly Chart

In the weekly charts, Nikkei 225 is trading in an upward channel.

It is trading below all SMAs; MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 25510 and the resistance level is at 27850

Nikkei 225 is trading in an upward channel until there is a trend reversal.

NIKKEI 225 Technical Analysis: Daily Chart

In the daily charts, Nikkei 225 is trading in an upward channel.

It is trading above MA (20) but below MA (50) and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 26340 and the resistance level is at 26955

Nikkei 225 is trading in an upward channel until there is a trend reversal.

How to trade Nikkei 225 this week:

Nikkei 225 is trading in an upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: BUY AT 27975, TAKE PROFIT AT 29625, AND STOP-LOSS AT 26860

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