CM Trade

Download APP to receive bonus


Nikkei: Continue to strengthen

Basic face analysis:

The close of 230.50 points on Thursday (August 24), an increase of 0.72%to 32275.00 points. This week's Jackson Hall Central Bank Annual Conference will be a key risk that the Japanese authorities will face a new eagle signal that the Federal Reserve officials may cause the Japanese yen to sell again, forcing the authorities to enter the market again to boost the yen.

Jpn225 four -hour chart

Technical analysis:

Looking at the 4-hour chart, the Nikkei index continues to break through the 32000 mark. The MACD volume can strengthen the zero axis, the multi-head trend continues, supports 32,000, the resistance level is near 32400-32750.

Resistance position: 32400 32750
Support bit: 32000 31700

Main selection strategy: 32000 views, target 32400 32750
Alternative strategy: 32,000 to see the drop below, target 31700 31400

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar