Nikkei 225: technical analysis

Sorting by categories

04/29/2019

Nikkei 225, H4

In the H4 chart, the instrument left the lateral channel; there is consolidation in the area of the upper border of Bollinger Bands and the price range is expanding. MACD histogram is in the positive area and is gradually gaining volume. The signal line is crossing the body of the histogram from below giving a signal for opening long positions. Stochastic is in the overbought zone and is directed horizontally.

Nikkei 225, D1

In the D1 chart, the uptrend is still in force; the instrument is growing towards the upper border of Bollinger Bands and the price range is narrowing. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is in the neutral zone, and the signal line of the oscillator is reversing upwards.

Key levels

Resistance levels: 22329.81, 22485.26, 22641.09.

Support levels: 22239.19, 22130.75, 22098.22, 21930.40.

Trading tips

Long positions may be opened from the current level with target at 22485.00 and stop loss at 22239.19.

Short positions may be opened from the level of 22205.00 with target at 22130.75. Stop loss — 22240.00.

Implementation time: 1-3 days.

Share: ВКонтакт Facebook Google Plus Одноклассники Twitter Яндекс Livejournal Liveinternet Mail.Ru

Please note:

After 03 seconds you will be redirect to
BrokerCreditService (Cyprus) Limited. (www.bcscyprus.ru)

If it didn't happen automatic, please, select go to.