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d.vezeris
Jun 1, 2014 10:28 AM

NIKKEI 225 Weekly (22/2014) Chart Technical Analysis Long

Nikkei 225 index of Japanese listed sharesFXCM

Description

The NIKKEI 225 (JPN225) weekly chart shows the following signs:

Exactly from 6/2013 NIKKEI had been in two channels with different trends. Now it seems to change the trend one more time for upwards. Technically RSI>50 and MACD will be bullish on Monday. Last week the Index with a long candle got over the Tenkan Sen. Next target it seems to be the Kijun Sen at 15054. As you can see in diagram the KUMO offered a strong support to the Index.

I am bullish for NIKKEI except if it returns into the KUMO cloud with a new support line.
Comments
B33tcoin
Clean and neat!
d.vezeris
Thanks for telling me
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