NIKKEI Bias Is Still Bullish | IFCM

NIKKEI Bias Is Still Bullish

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The NIKKEI price forecast in our April 10, 2020 technical analysis was bullish.

Market developments after NIKKEI,Daily April 10, 2020 technical analysis still indicate bullish bias.

  • NIKKEI gained 0.8% on Friday April 10, 2020.
  • NIKKEI pulled back 2% today in thin trading - due to few foreign investors on Easter Monday.
  • Here is what indicators show as of April 13, 2020:

    • The Parabolic Indicator gives a bullish signal.
    • The Donchian Channel give a neutral signal: it is flat.
    • The MACD indicator gives a bullish signal.
    • The Stochastic oscillator gives a neutral signal.
    • The Fractals give bullish signal.
    • The MA(200) Indicator gives a bearish signal.

    So the bullish forecast still stands for the NIKKEI,Daily.

    OrderBUY
    Buy stop Above 19854.6
    Stop lossBelow 17529.9

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