Stock index NIKKEI 225 is trading at 22822. The index is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the NIKKEI 225. A test of the Ichimoku Kinko Hyo signal line area near level 22450 is expected, from which it is expected to attempt a rebound of quotations of the stock index and development of the bullish trend with a target to growth near 23400. An additional signal in favor of the growth of the index will be a test of the lower boundary of the bullish channel.
NIKKEI 225 forecast & analysis on November 9, 2017
Earlier, a strong signal was received for the buy of the NIKKEI 225 stock index, due to the crossing of the signal lines at 20250. The cancellation of the growth of the quotations of the index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 21850, which will indicate a change in the bullish trend in favor of bearish. Expect to accelerate the growth of quotations of the stock exchange index NIKKEI 225 stands with the breakdown of the area 23015.
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