CM Trade

Download APP to receive bonus

GET

JPN225: Move down the low position

2022-12-07
1044
Fundamental analysis:
The Nikkei 225 Index closed up 82.60 points, or 0.30%, at 27903.00 points on December 6 (Tuesday). Haruhiko Kuroda, Governor of the Bank of Japan: We will consider exiting (the current policy) when the goal of stabilizing prices is achieved. Even with a 3% rise in wages, the BOJ will continue its current easing unless inflation hits 2%.

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



Brief technical analysis:
The 4-hour chart: The short-term momentum is going down strongly at a low level, and the short-term decline may continue. The overall short position in the market is good. The previous low level is close at hand. ;
Long-short turning point: 27604
Suppression: 27664, 27729
Support: 27504, 27453
Trading strategy: bearish below 27604, target 27504, 27453
Alternative strategy: call above 27604, target 27664, 27729

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More