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JPN225: Multiple head vibration moves up

2022-10-06
1154
Fundamental analysis:

The Nikkei 225 Index closed up 131.29 points, or 0.49%, at 27123.50 on October 5 (Wednesday). Japanese Prime Minister Takeo Kishida: The specific monetary policy measures should be left to the Bank of Japan. Japan's economy is slowly recovering. Recent risks include concerns about the global economic slowdown.



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




Technical analysis:


The 4-hour chart shows that the low bulls' power is rising strongly, the short-term high starts to fluctuate, and the bulls' power continues to move upward. The MACD index is at the high level of the bulls' area, and the RSI index is at the 50 balanced line side;


Multi empty turning point: 27002


Pressing: 27255, 27397


Support: 26841, 26695


Trading strategy: bullish above 27002, target 27255, 27397


Alternative strategy: 27002 lower bearish, target 26841, 26695

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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