Quotations of the stock exchange index NIKKEI 225 are traded at the level of 18303. Quotes could break the lower boundary of the descending channel, we should expect an acceleration of the decline of NIKKEI 225. In favor of falling quotations, a tight test of the downward resistance line will appear on the indicator of relative strength.
Technical analysis and NIKKEI 225 Forecast on April 17, 2017
The purpose of the decline is the area below the level of 18000. The abolition of the reduction option will be a strong growth and breakdown of the area of 18500, which will indicate the return of quotations NIKKEI 225 inside the channel and the continued growth.
Technical analysis and NIKKEI 225 Forecast on April 17, 2017 involves an attempt to drop quotes within the rebound from the broken down channel boundary with a potential reduction target near the 18000 area.
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