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Nikkei: high short volatility moves down

2022-07-27
1253
Fundamental analysis:

The Nikkei 225 index closed down 58.75 points, or 0.21%, at 27640.50 on July 26 (Tuesday). Japanese Foreign Minister Lin Fangzheng and Minister of economy and industry hagiogita Guangyi will visit the United States this week and hold "2+2" mode talks with their American counterparts on July 29.


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




Technical analysis:


According to the 4-hour chart, high short positions continue to fluctuate and in the downward trend, the market as a whole begins to move down weakly, the MACD index is in the long region, the high consolidation continues to move down, and the RSI index is hovering below the 50 equilibrium line;


Long short turning point: 27473


Pressing position: 27584, 27705


Support position: 27338, 27227


Trading strategy: 27473 bearish below, target 27338, 27227


Alternative strategies: bullish above 27473, goals 27584, 27705

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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