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Nikkei: continuous shock retreat

2022-07-13
1161
Fundamental analysis:

The Nikkei 225 index closed down 488.80 points, or 1.82%, at 26323.50 points on Tuesday, July 12. Japanese finance minister Junichi Suzuki: he hopes to discuss various issues of the G20 summit with US Treasury Secretary Yellen. Market news: US Treasury Secretary Yellen and Japanese finance minister Junichi Suzuki discussed the supply chain and sanctions against Russia.



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




Technical analysis:


Looking at the 4-hour chart: the high short momentum maintains a downward shock, and the short-term retreat trend may continue. MACD index is weak around the 0 axis, and RSI index is under the 50 equilibrium line;


Long short turning point: 26505


Pressing position: 26699, 26928


Support position: 26207, 25966


Trading strategy: bearish below 26505, targets 26207, 25966


Alternative strategy: bullish above 26505, targets 26699, 26928

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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