Stock index NIKKEI 225 is trading at 20642. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in NIKKEI 225. The Ichimoku Kinko Hyo signal line area test is expected near the level of 20500, from which it is expected to try to increase quotations of the stock index and development of a bullish trend with a target near 20900. An additional signal in favor of the index’s growth will be a test of the lower boundary of the bullish channel.
NIKKEI 225 forecast & analysis on October 11, 2017
Earlier, a strong signal was received for the buy of the exchange index NIKKEI 225, due to the crossing of signal lines at 20250. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 20350, which will indicate a change in the bullish trend in favor of bearish. Expect to accelerate the growth of quotations of the stock exchange index NIKKEI 225 costs with the breakdown of the area of 20700.