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Nikkei: the ladder vibrates downward

2022-07-04
1246
Fundamental analysis:

The Nikkei 225 index closed down 448.54 points, or 1.70%, at 25944.50 on July 1 (Friday). According to the data of the Bank of Japan, the input cost and output price of large Japanese manufacturers have reached the highest level since 1980, and the CPI in Tokyo in June increased by 2.3% over the same period last year.


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




Technical analysis:


According to the 4-hour chart: the short power continues, the lower track section of the Bollinger belt index channel continues to fluctuate downward in a stepped manner, and the low-level short-term oscillation rebounds and encounters resistance. The downward movement trend is good. The Bollinger belt index shows a closing trend, the MACD index is in a weak consolidation below the 0 axis, and the RSI index is in a narrow range below the 50 equilibrium line;


Long short turning point: 26408


Pressing position: 26634, 26825


Support position: 26051, 25838


Trading strategy: 26408 down, targets 26051, 25838


Alternative strategies: bullish above 26408, targets 26634, 26825

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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