NIKKEI 225 (NKY) Down 0.37%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

1 min read

The Hourly View for NKY Last Updated January 6, 2021, 21:19 GMT Currently, NIKKEI 225’s price is down -30 (-0.11%) from the hour prior. NIKKEI 225 has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a…

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