NIKKEI 225 Index Chart Technical Analysis, Graph Forecast, Trading Strategy - Index closed above its range bound zone, Further strength expecting as long as holds above. (Updated On 30th July 2014, Wednesday).

NIKKEI 225 INDEX

• As per previous report published by us on NIKKEI 225, Index gave a sharp up move after breaking its range bound zone. (Click here to see previous report published by us on NIKKEI 225 INDEX).
• Now daily chart indicates Index has now closed above its range bound zone and on bull run, as long as index holds above its range bound zone will favor bulls.
• Daily chart also indicates Index is moving up from 23.6% fibonacci retracement and 20 days moving average. This will favor bulls and give strength to index to move higher.
• You might like reading - Hang Seng Index on bull run after bullish breakout.
• If index moves up from current levels then will find next strong resistance around 15950, 16200, 16300 (levels as per  fibonacci retracement and trend line as shown above in image 3).
• Click here to see all the forecast (trading strategy) published by us on NIKKEI 225 INDEX (as per technical analysis point of view).