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Nikkei: weak upward

2022-07-15
757
Fundamental analysis:

The Nikkei 225 index closed up 162.73 points, or 0.61%, at 26641.50 on Thursday, July 14. Japan's chief cabinet secretary, hiroichi Matsuno: while cooperating with the Bank of Japan, we should pay closer attention to the foreign exchange market. We will pay close attention to the US inflation trend and how changes in monetary policy will affect Japan and the global economy.



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




Technical analysis:


According to the 4-hour chart, the Bull Power maintained a slow upward narrow range consolidation, the previous high was close at hand, the MACD index was near the 0 axis, the weak hovered and moved up, and the RSI index was at 50 to balance the narrow range consolidation on the online side;


Long short turning point: 26597


Pressing position: 26868, 27033


Support position: 26406, 26207


Trading strategy: bullish above 26597, targets 26868, 27033


Alternative strategy: 26597 bearish below, targets 26406, 26207

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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