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JPN225: High level sorting

2022-11-15
1165
Fundamental analysis:

The Nikkei 225 Index closed down 298.57 points, or 1.06%, at 27965.00 on November 14 (Monday). Bank of Japan Governor Kuroda: We need to pay attention to the downside risks of the Japanese economy. Pay close attention to the impact of raw material inflation and exchange rate changes on enterprises and households. Japan's financial system remains resilient.



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




Technical analysis:


The 4-hour chart shows that the short-term high level moves downward in a narrow range, short positions emerge in the market, and the short-term pullback trend may continue. The MACD indicator is at the high level in the bull region, and the RSI indicator is at the upper side of the 50 equilibrium line and hovers at the weak side;


Empty turning point: 28049


Pressing: 28158, 28249


Support: 27934, 27849


Trading strategy: 28049 lower bearish, target 27934, 27849


Alternative strategy: 28049 upper bullish, target 28158, 28249

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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