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Jpn225: high and weak consolidation

2022-08-01
1265
Fundamental analysis:

The Nikkei 225 index closed down 25.48 points, or 0.09%, at 27790.00 on Friday, July 29. Japan's factory output recorded the fastest growth rate in more than nine years in June, and the interference caused by the epidemic prevention and control of major Asian countries has eased, which is a good sign for policymakers who hope to improve the economic outlook.



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




Technical analysis:


According to the 4-hour chart, the high level maintains weak narrow consolidation in the short term, the amplitude space gradually narrows, the MACD index is in the high consolidation and translation of the long area, and the RSI index is hovering above the 50 equilibrium line;


Long short turning point: 27914


Pressing position: 28110, 28266


Support position: 27783, 27659


Trading strategy: 27914 bullish above, targets 28110, 28266


Alternative strategy: 27914 bearish below, target 27783, 27659

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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