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JPN225: High level wide amplitude oscillation

2022-10-24
1198
Fundamental analysis:


The Nikkei 225 Index closed down 120.46 points, or 0.45%, at 26886.50 on October 21 (Friday). The General Federation of Trade Unions of Japan reported that the wage increase requirement will be set at about 5% in the spring of 2023, which is the total proportion of the "Base Up" and regular wage increase.


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




Technical analysis:


The 4-hour chart shows that the high short-term wide range shocks, the short-term bulls show signs of rising, the market as a whole is still in wide range shocks, the MACD index hovers on the top of the 0 axis, and the RSI index is in the 50 balanced online weak sorting;


Multi empty turning point: 27065


Pressing: 27208, 27303


Support: 26973, 26883


Trading strategy: bullish above 27065, target 27208, 27303


Alternative strategy: 27065 bearish, target 26973, 26883

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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