NIKKEI225 $ FULL0624 - 1H - Technical analysis published on 10/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 23,231 USD
My targets
23,560 USD (+0.83%)
23,650 USD (+1.22%)
My analysis
A bullish trend on NIKKEI225 $ FULL1220 both in substance and in the short term. A purchase could be considered as long as the price remains above 23,231 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 23,560 USD. Then the price could move towards 23,650 USD. Then 24,102 USD by extension. Be careful, a return below 23,231 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NIKKEI225 $ FULL1220 rating 23,365 USD. On the day, this instrument gained +0.26% and was between 23,260 USD and 23,405 USD. This implies that the price is at +0.45% from its lowest and at -0.17% from its highest.23,260
23,405
23,365
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NIKKEI225 $ FULL1220 in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22,515 | 22,887 | 23,231 | 23,365 | 23,420 | 23,560 | 23,650 |
| Change (%) | -3.64% | -2.05% | -0.57% | - | +0.24% | +0.83% | +1.22% |
| Change | -850 | -478 | -134 | - | +55 | +195 | +285 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,232 | 23,248 | 23,257 | 23,273 | 23,282 | 23,298 | 23,307 |
| Camarilla | 23,258 | 23,260 | 23,263 | 23,265 | 23,267 | 23,270 | 23,272 |
| Woodie | 23,228 | 23,246 | 23,253 | 23,271 | 23,278 | 23,296 | 23,303 |
| Fibonacci | 23,248 | 23,258 | 23,264 | 23,273 | 23,283 | 23,289 | 23,298 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,925 | 22,220 | 22,715 | 23,010 | 23,505 | 23,800 | 24,295 |
| Camarilla | 22,993 | 23,065 | 23,138 | 23,210 | 23,282 | 23,355 | 23,427 |
| Woodie | 22,025 | 22,270 | 22,815 | 23,060 | 23,605 | 23,850 | 24,395 |
| Fibonacci | 22,220 | 22,522 | 22,708 | 23,010 | 23,312 | 23,498 | 23,800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,252 | 23,258 | 23,277 | 23,283 | 23,302 | 23,308 | 23,327 |
| Camarilla | 23,288 | 23,290 | 23,293 | 23,295 | 23,297 | 23,300 | 23,302 |
| Woodie | 23,258 | 23,261 | 23,283 | 23,286 | 23,308 | 23,311 | 23,333 |
| Fibonacci | 23,258 | 23,268 | 23,274 | 23,283 | 23,293 | 23,299 | 23,308 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.00 | |
| MACD (12,26,9): | -16.0000 | |
| Directional Movement: | 2 | |
| AROON (14): | -79 | |
| DEMA (21): | 23,311 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,389 | |
| Elder Ray (13): | 23 | |
| Super Trend (3,10): | 23,426 | |
| Zig ZAG (10): | 23,370 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 39.00 | |
| TEMA (21): | 23,312 | |
| Williams %R (14): | -31.00 | |
| Chande Momentum Oscillator (20): | 10 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 23,339 | |
| MA20: | 23,244 | |
| MA50: | 23,057 | |
| MA100: | 22,713 | |
| MAexp7: | 23,323 | |
| MAexp20: | 23,335 | |
| MAexp50: | 23,353 | |
| MAexp100: | 23,317 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +2.87% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-10-01 06:35:08
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15 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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