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JPN225: bearish downside

2022-09-16
1257
Fundamental analysis:

The Nikkei 225 Index closed up 57.38 points, or 0.21%, at 27876.00 on September 15 (Thursday). Japan's trade deficit widened to a record high of US $19.71 billion in August. So far this year, the yuan has fallen by nearly 20%.



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




Technical analysis:


The 4-hour chart shows that the market bears are shrouded, the short-term decline may continue, the low narrow range weak position will be sorted out, the MACD indicator will remain sorted out in the short position area, and the RSI indicator will remain weak in the short position area;


Multi empty turning point: 27501


Pressing position: 27618, 27728


Support position: 27331, 27221


Trading strategy: 27501 lower bearish, target 27331, 27221


Alternative strategy: bullish above 27501, target 27618, 27728

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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