
The NKD Nikkei/USD Futures daily chart is exhibiting a strong bullish structure across all timeframes. Price action is characterized by large bars and fast momentum, with the last price at 48,215, marking a significant extension from recent swing lows. All major session fib grids (weekly, monthly, yearly) show price well above their respective NTZ/F0% levels, confirming persistent upward bias and trend strength. Swing pivot analysis indicates an ongoing uptrend, with the most recent pivot high at 48,208 and the next potential support at 47,465, suggesting the market is in a trend continuation phase. Resistance levels are being tested and surpassed, while support levels are rising, reflecting higher lows and strong buying interest. All benchmark moving averages (from 5-day to 200-day) are trending upward, reinforcing the bullish outlook across short, intermediate, and long-term horizons. Volatility, as measured by ATR, is elevated, and volume metrics are robust, supporting the conviction behind the move. The recent long signal from early October aligns with the prevailing trend. Overall, the market is in a clear rally phase, with momentum and breadth supporting further upside, though the extended move may eventually invite consolidation or a pullback as new highs are tested.