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JPN225: Move up the high position

Fundamental analysis:

The Nikkei 225 Index closed down 13.98 points, or 0.05%, at 27439.50 points on February 27 (Monday). Bank of Japan nominee Kazuo Ueda: It is important that the Bank of Japan and the Japanese government mentioned in the joint statement that the government needs to maintain market trust in long-term finance.

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

Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum continues to fluctuate and rise, the short-term bullish sentiment remains, the market as a whole is in the bullish pull-up, the MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is hovering above the 50 balance line;

Long and short turning point: 27466

Suppression: 27548, 27605
Support: 27414, 27361

Trading strategy: Bullish above 27466, target 27548, 27605
Alternative strategy: bearish below 27466, target 27414, 27361

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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