CM Trade

Download APP to receive bonus

GET

Japan's unemployment rate in April was the lowest since March 2020

2022-06-01
960
Fundamental analysis:

The Nikkei 225 index closed down 91.93 points, or 0.34%, at 27277.50 on May 31 (Tuesday). Japan's unemployment rate recorded 2.5% in April, lower than the expected 2.6%, the lowest since March 2020; Japan's industrial output fell by 1.3% month on month in April, a decline of -0.2% higher than expected;.



Nikkei index jpn225 - 4-hour K-line chart display:




Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, and the high level began to retreat after reaching the node near 27458. In the short term, your short-term power waited for the opportunity to enter, and the Bollinger belt index was in the closing trend. The MACD index was in the bull region to maintain the shock and retreat, and the RSI index was in the bull region to maintain the shock and slowly move down;


Multi empty turning point: 27272


Pressing position: 27428, 27566


Support position: 27051, 26921


Trading strategy: 27272 bearish below, target 27051, 26921


Alternative strategy: bullish above 27272, target 27428, 27566


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More