Stock index NIKKEI 225 is trading at 22053. The index is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the NIKKEI 225. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 22300, from which it is expected to attempt a rebound of stock market quotations and development of the bearish trend with a target to falling near 21350.
NIKKEI 225 forecast & analysis on November 16, 2017
Earlier, a weak signal was received for the sell of the stock index NIKKEI 225, due to the crossing of the signal lines at the level of 22750. The cancellation of the variant of falling quotations of the stock index will be the breakdown of the upper borders Ichimoku Kinko Hyo Clouds with the closing of quotes above the area of 22650, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index NIKKEI 225 is with the breakdown of the level of 22000.