Advertisement
Advertisement

Nikkei 225 forecast for the week of October 24, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 22, 2016, 05:10 UTC

The Nikkei 225 rose during the course of the week, breaking to a fresh high. However, we still have quite a bit of noise just above, so although it looks

Nikkei weekly chart, October 24, 2016

The Nikkei 225 rose during the course of the week, breaking to a fresh high. However, we still have quite a bit of noise just above, so although it looks as if we are going to go higher, expect a bit of volatility. If you can’t sit through it, then there’s no point in taking this trade. However, it does appear that the markets probably going to aim for the ¥18,000 level next as the Bank of Japan is finally getting its way when it comes to the Nikkei 225.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement