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JPN225: interval vibration

2022-10-25
1313
Fundamental analysis:

The Nikkei 225 Index closed up 88.92 points, or 0.33%, at 26979.50 on October 24 (Monday). In its spending plan, the Japanese government urged the Bank of Japan to be alert to the impact of sharp market fluctuations on the economy. The plan aims to cushion the impact of rising living costs.


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




Technical analysis:


The 4-hour chart shows that the high level and wide range fluctuate and shift, the market buying basis is in the process of range consolidation and upward movement, the MACD indicator hovers on the top of the 0 axis, and the RSI indicator is in the 50 balanced online weak consolidation;


Multi empty turning point: 27065


Pressing position: 27208, 27303


Support position: 26973, 26883


Trading strategy: bullish above 27065, target 27208, 27303


Alternative strategy: 27065 bearish, target 26973, 26883

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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