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Jpn225: high narrow trim translation

2022-08-02
1215
Fundamental analysis:

The Nikkei 225 index closed up 178.86 points, or 0.64%, at 27980.50 points on Monday, August 1. Japanese Prime Minister Fumio Kishida has set up a new position as Minister of entrepreneurship, responsible for supporting entrepreneurial enterprises, and appointed the Minister of economic regeneration, noburo Yamaji, to concurrently hold this position.


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




Technical analysis:


According to the 4-hour chart, the short-term entanglement high level maintains a narrow consolidation and translation, the market is in a long and short entanglement state in the short term, the MACD index is in a long area, the consolidation and translation is maintained, and the RSI index is in a 50 balanced online side weak;


Long short turning point: 27914


Pressing position: 28052, 28197


Support position: 27752, 27600


Trading strategy: 27914 bearish below, target 27752, 27600


Alternative strategy: 27914 bullish above, targets 28052, 28197

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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