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JPN225: weak shock

2022-12-30
1035
Fundamental analysis:
The Nikkei 225 Index closed down 297.50 points, or 1.13%, at 26043.00 points on December 29 (Thursday). The Bank of Japan should maintain its current accommodative policy stance by purchasing Japanese government bonds. The functioning of the bond market deteriorates. If this situation continues, it may have a negative impact on financial conditions such as corporate bond issuance conditions and hinder the transmission of monetary easing effects.

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



Brief technical analysis:
The 4-hour chart: short-term entanglement in the low position maintains a wide range of weak shocks, the market as a whole is in a weak position, although the low position is bullish, but the overall is still in a low range shock, the MACD index is hovering below the 0 axis, and the RSI index is at 50 Balance Weak finishing near the line;
Long-short turning point: 26366
Compression: 26499, 26640
Support: 26148, 25990
Trading strategy: bearish below 26366, target 26148, 25990
Alternative strategy: call above 26366, target 26499, 26640

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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