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Nikkei: continuous upward movement

2022-06-27
909
Fundamental analysis:

The Nikkei 225 index closed up 328.25 points, or 1.25%, at 26499.50 points on Friday, June 24. In May, the annual inflation rate of core consumers in Japan exceeded the target of the central bank for the second consecutive month, highlighting the increasing pressure on Japan's fragile economy caused by the soaring cost of global raw materials.


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




Technical analysis:


According to the 4-hour chart, the bull power continued to fluctuate and rise near the brin belt index on the track, and there was no sign of stop for the short-term bull power. The brin belt index continued to open its mouth, and the bull power was further upward. The MACD index was in the consolidation and upward movement of the bull region, and the RSI index was in the upward movement of the bull region;


Multi empty turning point: 26722


Pressing position: 27016, 27207


Support position: 26541, 26350


Trading strategy: bullish above 26722, target 27016, 27207


Alternative strategy: 26722 bearish below, target 26541, 26350

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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