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Jpn225: low shock down

2022-09-06
1039
Fundamental analysis:

The Nikkei 225 index closed down 24.34 points, or 0.09%, at 27626.50 on Monday, September 5. Japan's Markit service PMI recorded 49.5 in August, higher than the previous value of 49.2, but still in the contraction range; The market pricing and the Fed's terminal interest rate are high, and the Bank of Japan may not do anything.



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




Technical analysis:


According to the 4-hour chart, the market is shrouded in short-term market sentiment. After the low-level short-term shock, there is a trend of continued downward movement. The MACD indicator maintains consolidation and translation in the short area, and the RSI indicator hovers at the lower side of the 50 equilibrium line;


Long and short turning point: 27697


Pressing position: 27805, 27936


Support position: 27485, 27368


Trading strategy: 27697 bearish, target 27485, 27368


Alternative strategy: bullish above 27697, target 27805, 27936

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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