Stock index NIKKEI 225 continue to move within the ascending channel. At the time of the publication of the forecast, the exchange index is 22,282. Sliding averages indicate an uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 22095. Where should we expect a rebound and continued growth of the NIKKEI 225 quotes to the area above the level of 22850.
NIKKEI 225 Forecast and Analysis April 26, 2019
A test of the trend line on the relative strength index (RSI) will be in favor of raising the stock index quotes. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 21850. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of NIKKEI 225 with a target below 21550. Expect the acceleration of the growth of quotations NIKKEI 225 stands with the breakdown of the area of resistance and closing above 22450.
NIKKEI 225 Forecast and Analysis April 26, 2019 suggests an attempt to test the lower boundary of the bullish channel near the area of 22095. Then continued growth with a potential target above the level of 22850. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. The cancellation of the growth option will be the breakdown of the area of 21850. This will indicate a continuation of the fall to the area below 21550.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
