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Nikkei: weak downside

2022-06-24
1166
Fundamental analysis:

The Nikkei 225 index closed up 21.95 points, or 0.08%, at 26171.50 points on Thursday, June 23. Japan bought foreign bonds -496.7 billion yen in the week to June 17, with a previous value of -867.2 billion yen.



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




Technical analysis:


According to the 4-hour chart, the low position moved up to the node near the upper rail of the Bollinger belt index for a short time, and began to sort out the downward direction. The short-term short power showed signs of waiting for the opportunity to enter. The Bollinger belt index continued to close, the MACD index was in a weak position near the 0 axis, and the RSI index was in a narrow range near the 50 equilibrium line;


Multi empty turning point: 26221


Pressing position: 26396, 26572


Support position: 25963, 25803


Trading strategy: down 26221, target 25963, 25803


Alternative strategy: bullish above 26221, target 26396, 26572

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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