^N225, Nikkei 225
Moving Average a Powerful Visual Aid for Chart Analysis
Moving Average (MA) is a powerful tool in chart analysis. You can easily identify bullish or bearish bias trading trend. It let you easily identify bullish or bearish trend.
Picture Worth a Thousand Words
In the following chart, you can easily identify price action crosses below fast MA and slow MA and bounces below fast MA.
This week, the index finally closed higher than the fast MA. Now the last index position is the index is caught inside slow and fast MA.
In short, the price below fast MA, fast MA below slow MA.
We see divergence, bullish divergence. Price may change direction. True of true. Will see.
July 15, 2016 Nikkei 225, N225 Weekly Chart
You can read more on index analysis, see link for more.
Other Index in Asia | N225 | 000001.ss | TWII | Moses
If you have trouble see the chart clearly on the trend, turn to line chart for a clear view. Have fun!
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