The stock index NIKKEI 225 completes the trading week near the level of 22952. 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 test is expected near the level of 22250, from which it is expected to try to rebound quotations of the exchange index and continued growth with a view to rising near the level of 24120.
NIKKEI 225 weekly forecast & analysis July 16 — 20, 2018
An additional signal in favor of the growth of quotations of the stock index on the current trading week of July 16 — 20, 2018 will test the lower boundary of the rising channel, as well as the formation of an inverted «Head and Shoulders» model. Earlier, a weak signal was received for the sale of the stock index NIKKEI 225, due to the crossing of the signal lines at the level of 22650.
The cancellation of the growth of quotations of the exchange’s index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 21700, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall. Expect to accelerate the growth of quotations of the stock exchange index NIKKEI 225 is with the breakdown of the resistance area and the closing above the level of 22750.
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