NIKKEI Bias Is Still Bullish

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.