Stock index NIKKEI 225 is trading at the level of 21812. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NIKKEI 225. The Ichimoku Kinko Hyo signal line area is expected near the level of 21650, from which it is expected to try to increase quotations of the stock index and development of a bullish trend with a target near 22400.
NIKKEI 225 forecast & analysis on October 30, 2017
An additional signal in favor of the growth of the index will be the test of the lower boundary of the bullish channel. Earlier, a strong signal was received for the buy of the NIKKEI 225 stock exchange, due to the crossing of the signal lines at 20250. The cancellation of the growth of the quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 21150, which will indicate a shift in the bullish trend in favor of bearish. Expect to accelerate the growth of quotations of the stock index NIKKEI 225 costs with the breakdown of the area of 22000.