Nikkei 225 Index Daily
The Nikkei has lagged behind the other major indices,
from its 3/1/14 high at 16300 and has consolidated for 6
months. Continued to underperform on
the back of the sideways trading USDJPY.
Its recent action is encouraging, breaking out of the 2.5 months
Wedge, clearing the 100 and 200 sma, and downtrend line, it targets 15163,
15410 highs, potentially the recent highs at 1600-16300. Maybe time to do some catching up.
MACD has turned bullish.
targets 15163, 15410, 15940 high
The Nikkei has lagged behind the other major indices,
from its 3/1/14 high at 16300 and has consolidated for 6
months. Continued to underperform on
the back of the sideways trading USDJPY.
Its recent action is encouraging, breaking out of the 2.5 months
Wedge, clearing the 100 and 200 sma, and downtrend line, it targets 15163,
15410 highs, potentially the recent highs at 1600-16300. Maybe time to do some catching up.
MACD has turned bullish.
targets 15163, 15410, 15940 high