CM Trade

Download APP to receive bonus

GET

JPN225: low down

2023-03-16
927
Fundamental analysis:

The Nikkei 225 Index closed down 8.54 points, or 0.03%, at 27213.50 points on March 15 (Wednesday). Japanese government bond yields are still hovering near multi-month lows as recent jitters in global markets cloud the prospect of the Bank of Japan turning hawkish in the near term.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum continues to fluctuate and fall, the short-term decline has not stopped, the market is shrouded in bearish sentiment, the MACD indicator is in the bearish zone and moves down weakly, and the RSI indicator is in the bearish zone.

Resistance level: 26711 26869

Support level: 26360 26220

Trading strategy: bearish below 26553, target 26360 26220
Alternative strategy: call above 26553, target 26711 26869

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