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JPN225: High-order finishing
2022-11-28
1109
Fundamental analysis:
The Nikkei 225 index closed down 88.59 points, or 0.31%, at 28294.50 on November 25 (Friday). The core consumer price index (CPI) in Tokyo, the Japanese capital, rose 3.6% year-on-year in November, higher than market forecasts of 3.5% and October's 3.4%. Year-on-year price growth hit a 40-year high and was above the central bank's 2 percent target for the sixth consecutive month, showing signs of expanding inflationary pressures.
Nikkei JPN225 - 4-hour K-line chart shows:
A brief technical analysis:
From the 4-hour chart: the bullish momentum continues to fluctuate and rise, the high level is hovering slowly in the short term, and the short-term bearish momentum is waiting for an opportunity to enter the market. The MACD indicator is in the bullish area and slowly moves down, and the RSI indicator is at the 50 equilibrium line. The weak finishing;
Long and short turning point: 28316
Suppression: 28429, 28512
Support: 28226, 28149
Trading strategy: bullish above 28316, target 28429, 28512
Alternative strategy: bearish below 28316, target 28226, 28149
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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