CM Trade

Download APP to receive bonus

GET

JPN225: high shock

2023-03-09
998
Fundamental analysis:

The Nikkei 225 Index closed up 124.84 points, or 0.44%, at 28434.00 points on March 8 (Wednesday). Japan's Ministry of Land, Infrastructure, Transport and Tourism has summarized the entry requirements for homestay practitioners. As long as they have received 20 hours of correspondence lectures and 7 hours of training on relevant laws and regulations, they can engage in the management of homestay houses.

The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high level is fluctuating within a narrow range, the market as a whole is hovering at a high level, and the bullish sentiment may continue in the short term, the MACD indicator is hovering at a high level in the bullish zone, and the RSI indicator is in the bullish zone for consolidation;

Resistance level: 28434 28515

Support level: 28225 28141

Trading strategy: Bullish above 28308, target 28434 28515
Alternative strategy: bearish below 28308, target 28225 28141

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