The stock index NIKKEI 225 completes the trading week near the level of 24092. The index is traded above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an upward trend. As part of NIKKEI 225 weekly forecast & analysis October 1 — 5, 2018, is expected to test the Ichimoku Kinko Hyo signal line area near the level of 23400, from which it is expected to try to rebound quotations of the stock index and continue growth with the aim of lifting near the level of 25350.
NIKKEI 225 weekly forecast & analysis October 1 — 5, 2018
An additional signal in favor of the growth of quotations of the stock index on the current trading week on October 1 — 5, 2018 will be a test of the support level, as well as a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for the buy of the exchange index NIKKEI 225, due to the crossing of signal lines at the level of 22350.
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 quotes below the area of 22100, which will indicate a change in the upward trend in favor of the downward 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 24300.
NIKKEI 225 weekly forecast & analysis October 1 — 5, 2018 assumes a test of the level of the support level near the area of 23400, from which it is expected to rebound and continue falling quotations of the index with a potential target near the level of 25350, the cancellation of the growth of quotations will make a fall and breakdown of the area 22100, which will indicate the continuation of the growth rate of NIKKEI 225.
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