Nikkei Index futures forecast 2020
17 Nov 2020
Nikkei Index futures are moving higher, breaking price levels from September 2018. As expected and mentioned in the previous Nikkei 225 index analysis, a new strong bullish impulse has been created around the 23,572 price level. The strength of that movement has turned that bullish impulse into a strong demand imbalance for the Japanese index.
Nikkei 225 Index forecast
Find below an updated analysis for Nikkei 225 index. The timeframe attached corresponds to the weekly timeframe. That means that every candlestick represents a week of time. For many of you intraday and shorter stock traders, that will be like a lot of time. Unfortunately, time flies and a few weeks can pass in the blink of an eye.
There is definitely a bullish bias on the Japanese Nikkei 225 index for the years 2020 and 2021. For the index to reverse and give us a bearish bias, many things have to happen. As supply and demand traders, we do not need to consider any fundamental analysis for the Japanese index. Price action and the strength of the imbalances is what matters the most.
Nikkei 225 video forecast
See below for a more detailed video analysis of the Japanese Ind ex. If you want to learn how to trade supply and demand imbalances, you are welcome to join our stock trading course at Set and Forget.
Join our supply and demand stock trading course to learn how to trade using our supply and demand trading strategy.
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