CM Trade

Download APP to receive bonus

GET

Nikkei: bulls continue to climb

2022-06-22
1172
Fundamental analysis:

The Nikkei 225 index closed up 498.28 points, or 1.93%, at 26269.50 points on Tuesday, June 21. Japanese Prime Minister Fumio Kishida: monetary policy affects the exchange rate. The impact of the overall decision on small enterprises will be taken into account. Now monetary policy should not be adjusted. Monetary policy has a great impact on the economy by affecting the interest rates of small enterprises and housing mortgages.


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




Technical analysis:


According to the 4-hour chart, the low-level Bull Power strongly pulled up and moved to the node near the upper rail of the brin belt index, and began to vibrate. The short-term Bull Power showed signs of continuing to move up. After the brin belt index showed a closing trend, it began to slowly open its mouth. The MACD index remained in the short area and moved up and hovered near the 0 axis. The RSI index was in the 50 balanced online side sorting;


Multi empty turning point: 26350


Pressing position: 26629, 26784


Support position: 26195, 26045


Trading strategy: bullish above 26350, target 26629, 26784


Alternative strategy: bearish below 26350, targets 26195 and 26045

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