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Nikkei: high down

2022-06-29
1209
Fundamental analysis:


The Nikkei 225 index closed up 132.23 points, or 0.49%, at 27003.50 points on Tuesday, June 28. The Bank of Japan purchased 14.8 trillion yen (US $110billion) worth of Japanese government bonds in June, exceeding the 11.1 trillion yen purchased in November 2002, setting a monthly maximum.




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




Technical analysis:


According to the 4-hour chart, the bull power rose in a step-by-step vibration. After the high level repeatedly touched the nodes near the upper rail of the brin belt index, the short power fell sharply. It was about to touch the nodes near the middle rail. The brin belt index opened its mouth and began to close its mouth. The MACD index was in the high level of the bull region, and the RSI index was in the bull region to maintain a shock retreat;


Multi empty turning point: 26840


Pressing position: 27036, 27196


Support position: 26567, 26422


Trading strategy: bearish below 26840, target 26567, 26422


Alternative strategy: bullish above 26840, target 27036, 27196

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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