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JPN225: Low order wide amplitude oscillation downlink

2022-09-21
1229
Fundamental analysis:

The Nikkei 225 Index closed up 133.85 points, or 0.49%, at 27701.50 on September 20 (Tuesday). The Bank of Japan is expected to maintain its short-term interest rate target at negative 0.1% and the 10-year bond yield target at near zero. Ignore the tide of global interest rate increase.



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




Technical analysis:


The 4-hour chart shows that the momentum of low short positions remains volatile and downward, and the market short positions are shrouded, showing a downward trend again. The MACD indicator remains in the short positions area, and the RSI indicator hovers below the 50 equilibrium line;


Multi empty turning point: 27256


Pressing position: 27358, 27455


Support position: 27146, 27052


Trading strategy: 27256 lower bearish, target 27146, 27052


Alternative strategy: bullish above 27256, target 27358, 27455

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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