Stock index NIKKEI 225 continue to move within the ascending channel. At the time of the publication of the forecast, the exchange index rate is 22,272. Moving averages indicate the presence of an upward trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 22045. Where should we expect a rebound and continued growth of the NIKKEI 225 quotes to the area above the level of 22820.
NIKKEI 225 Forecast and Analysis April 30, 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 21650. 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 21450. Expect the acceleration of the growth of quotations NIKKEI 225 stands with the breakdown of the area of resistance and closing above 22425.
NIKKEI 225 Forecast and Analysis April 30, 2019 suggests an attempt to test the lower boundary of the ascending channel near the area of 22045. Then continued growth with a potential target above the level of 22820. 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 21650. This will indicate a continuation of falling into the area below 21450.
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