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Jpn225: strong long pull up

2022-08-11
1257
Fundamental analysis:

The Nikkei 225 index closed down 182.46 points, or 0.65%, at 27817.50 on Wednesday, August 10. 1. The post of Japan's trade minister was held by the former Minister of economy, Hiroshi Nishimura; The post of Japanese defense minister will continue to be held by yasuichi Hamada; Osahiro Yamaji, minister in charge of Japan's economic regeneration, will remain in office.


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




Technical analysis:


According to the 4-hour chart, the Bulls' power is strongly pulling upward, and the short-term bullish mood is shrouded. The MACD index is weak around the 0 axis, and the RSI index is weak at the 50 equilibrium online side;


Long and short turning point: 28061


Pressing position: 28172, 28230


Support position: 27988, 27924


Trading strategy: bullish above 28061, targets 28172 and 28230


Alternative strategy: bearish below 28061, targets 27988 and 27924

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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