2025/5/20 Nikkei Futures Analysis

Daily

4 hours

1 hour

15 minutes

Environment awareness

Daily: trendless, downward wave, turning price: rising wave at 38520

4-hour: downtrend, rising wave, turning price: rising wave at 37620

1-hour: trendless, rising wave, turning price: falling wave at 37460

15-minute: uptrend, rising wave, turning price: falling wave at 37520

Overall assessment

In the night session, it continued the daytime downward trend and fell to 37240, but the NY market reversed and rose despite Moody's downgrade, closing at 37570

Looking at the daily chart, it is below the 5MA and 10MA, but supported by the 100MA

In the 4-hour chart, it broke below the key low of 37300 but rebounded from 37240, indicating completion of the pullback from the high and potential move higher

The price range from 37800 to 37500 has been a previous consolidation range, so unless there is a bullish catalyst, the upside may be heavy

To consider buying, wait for a clear breakout above 38000 and then confirm that this range is supported

If considering selling, wait for the 1-hour chart to transition from the current trendless to a downtrend by reaching 37460, and only after all moving averages are breached on a confirmed candle

to that extent, proceed accordingly