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JPN225: Low position multi head lifting

2022-10-04
1223
Fundamental analysis:

The Nikkei 225 Index closed up 241.79 points, or 0.93%, at 26179.00 on October 3 (Monday). Japanese Finance Minister Junichi Suzuki: Our position has not changed. If necessary, we will take decisive measures on the foreign exchange issue. We will closely follow the market trend with a strong sense of urgency.



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




Technical analysis:


The 4-hour chart shows that the low bulls' momentum has risen strongly, the short-term bullish sentiment has emerged, and the market bulls' momentum has continued. The MACD index is in the short position area, and it has maintained its consolidation and moved up to around the 0 axis, while the RSI index is in the 50 balanced line side narrow consolidation;


Empty turning point: 26511


Pressing position: 26789, 26947


Support position: 26328, 26134


Trading strategy: bullish above 26511, target 26789, 26947


Alternative strategy: 26511 lower bearish, target 26328, 26134

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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