The stock index NIKKEI 225 completes the trading week near the level of 21692. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the NIKKEI 225 weekly forecast March 4 — 8, 2018 is expected to test the upper limit of the Ichimoku Kinko Hyo Cloud near the level of 20800. Where should we expect an attempt to rebound the stock index quotes and continue growth with the target near the level of 23100.
NIKKEI 225 weekly forecast March 4 — 8, 2019
An additional signal in favor of growth of quotations of the stock index in the current trading week on March 4 — 8, 2018 will be the test of the support level. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY of the stock index NIKKEI 225. The signal was formed due to the intersection of signal lines at the level of 20505.
Cancellation of the growth of quotations of the stock index will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 20005. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotations of the stock index NIKKEI 225 stands with the breakdown of the resistance area and closing above the level of 22005.
NIKKEI 225 weekly forecast March 4 — 8, 2019 implies an attempt to test the support level level near the area of 20800. Where should we expect a rebound and continued growth of the index quotes with a potential target near the level of 23100. The fall in the price rise area of 20005 will cancel the price upturn option. This will indicate a continued depreciation of the NIKKEI 225.