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Jpn225: bulls continue to rise

2022-08-09
1217
Fundamental analysis:

The Nikkei 225 index closed up 76.63 points, or 0.27%, at 28252.50 on Monday, August 8. Foreign investors bought a record number of long-term Japanese bonds in July as global bonds rose and expectations of policy adjustments by the central bank faded.


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




Technical analysis:


According to the 4-hour chart, the trend of the bull power is sustained, the short-term bullish mood is shrouded, the MACD index is in the bull area, and the RSI index is in the 50 equilibrium online side;


Long and short turning point: 28075


Pressing position: 28212, 28283


Support position: 27991, 27900


Trading strategy: bullish above 28075, targets 28212 and 28283


Alternative strategy: bearish below 28075, targets 27991 and 27900

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.

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