CM Trade

Download APP to receive bonus

GET

JPN225: High level sorting

2022-10-27
1153
Fundamental analysis:

The Nikkei 225 Index closed up 176.22 points, or 0.65%, at 27426.50 on October 26 (Wednesday). Kobe University and Hyogo Prefecture, Japan, announced on the 25th that they had successfully produced a "broad-spectrum neutralizing antibody" that could inhibit the proliferation of all variants found so far, such as the subtype of Omikjon virus "BA. 5", based on the blood of convalescent patients with COVID-19 infection.



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




Technical analysis:


The 4-hour chart shows that the high level maintains a narrow range of consolidation in the short term, the short market momentum shows signs of waiting for an opportunity to enter the market, and it starts to move slowly downward in the short term. The MACD index is at the high level of consolidation in the long region, and the RSI index is at the 50 balanced online side;


Empty turning point: 27481


Pressing: 27617, 27714


Support: 27289, 27183


Trading strategy: 27481 bearish, target 27289, 27183


Alternative strategy: bullish above 27481, target 27617, 27714

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More