The Nikkei 225 rose for a third consecutive session on the 18th, reaching an intraday high of ¥65,436.57 and closing at ¥65,018.95. The 5-day moving average turned upward, while the parabolic indicator signaled a bullish reversal.
The Nikkei 225 rose for a third consecutive session on the 18th, reaching an intraday high of ¥65,436.57 and closing at ¥65,018.95, breaking above the ¥65,000 milestone.
The candlestick closed bullish. As a short-term buy signal, the 5-day moving average turned upward, while the parabolic indicator also signaled a bullish reversal.
However, the upper shadow did not reach the 25-day moving average despite the new high during the advance, and the Ichimoku Cloud continues to show a bearish three-signal reversal configuration.
As for the overall market outlook, conditions remain such that the correction is broadly expected to continue.