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Jpn225: low shock down

2022-09-05
1055
Fundamental analysis:


The Nikkei 225 index closed down 22.97 points, or 0.08%, at 27638.50 on Friday, September 2. The yield of 10-year Treasury bonds targeted by the yield curve control policy of the Bank of Japan has risen to the upper limit of 0.25% this week, and may rise day by day with the rise of other bond yields around the world.


Nikkei index jpn225 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the short power fluctuates downward in a stepwise manner. After the low short-term consolidation, it will continue to move downward. The MACD indicator is in the consolidation of the short area, and the RSI indicator is in the weak position below the 50 equilibrium line;


Long and short turning point: 27563


Pressing position: 27691, 27805


Support position: 27391, 27284


Trading strategy: 27563 down bearish, target 27391, 27284


Alternative strategy: bullish above 27563, target 27691, 27805

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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