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JPN225: Multihead continuously uplink

2022-10-05
1190
Fundamental analysis:


The Nikkei 225 Index closed up 786.07 points, or 3.00%, at 26990.50 on October 4 (Tuesday). In Tokyo, Japan, the core consumer price index (CPI) rose 2.8% year-on-year in September, the largest increase since 2014, indicating that the cost pressure is expanding.



Nikkei index JPN225 - 4-hour K line chart shows:




Technical analysis:


The 4-hour chart shows that the power of low bulls has risen strongly, and short-term bullish sentiment has emerged. The MACD index hovers at a high level in the bull region, while the RSI index maintains its consolidation in the bull region;


Multi empty turning point: 27075


Pressing position: 27296, 27434


Support position: 26937, 26783


Trading strategy: bullish above 27075, target 27296, 27434


Alternative strategy: 27075 bearish, target 26937, 26783

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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