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JPN225: Low order finishing

2023-03-15
922
Fundamental analysis:

The Nikkei 225 Index closed down 633.46 points, or 2.28%, at 27199.50 points on March 14 (Tuesday). Speculation is growing that the BOJ will hold off on policy adjustments for now, given that the Fed is likely to stay on hold amid the U.S. banking crisis.

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



Brief technical analysis:

The 4-hour chart: low short-term consolidation, the market is shrouded in bearish sentiment, and there are signs of continued downward movement in the short term. The MACD indicator is hovering in the bearish area, and the RSI indicator is below the 50 balance line for consolidation;

Resistance: 27285 27360

Support level: 27075 26972

Trading strategy: bearish below 27210, target 27075 26972
Alternative strategy: call above 27210, target 27285 27360

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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