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JPN225: move up the low position
2023-01-17
942
Fundamental analysis:
On January 16 (Monday), the Nikkei 225 Index closed down 327.02 points, or 1.25%, to 25792.50 points. Markets have been urging the Bank of Japan to abandon its ultra-loose monetary policy, pushing the yield on Japan's benchmark 10-year government bond above a new volatility cap set by the central bank on Friday.
The Nikkei JPN225——4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum began to slowly fluctuate upwards, the market’s bullish sentiment began to emerge, the short-term bullish momentum gradually entered the market, the MACD indicator was in the short-term area, and the RSI indicator was in the short-term area;
Long and short turning point: 25829
Suppression: 25908, 25967
Support: 25765, 25708
Trading strategy: Bullish above 25829, target 25908, 25967
Alternative strategy: bearish below 25829, target 25765, 25708
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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