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JPN225: High bit downlink

2022-10-28
620
Fundamental analysis:


The Nikkei 225 Index closed 106.34 points lower, or 0.39%, at 27325.50 on October 27 (Thursday). Junichi Suzuki, Finance Minister of Japan: We will always take action against the excessive volatility of (foreign exchange). The Japanese government spent 29.1 trillion yen on the economic stimulus plan.



Nikkei index JPN225 - 4-hour K line chart shows:




Technical analysis:


The 4-hour chart shows that the momentum of high short positions has maintained a good downward trend, and the short-term downward trend may continue. The MACD index is in the high position in the long region and hovers near the 0 axis, while the RSI index is in the lower side of the 50 equilibrium line;


Empty turning point: 27054


Pressing: 27189, 27313


Support: 26896, 26783


Trading strategy: 27054 lower bearish, target 26896, 26783


Alternative strategy: bullish above 27054, target 27189, 27313

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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