CM Trade

Download APP to receive bonus

GET

JPN225: Low position narrow range finishing

2022-09-27
1213
Fundamental analysis:

The Nikkei 225 Index closed down 719.33 points, or 2.65%, at 26434.50 on September 26 (Monday). Japanese Finance Minister Junichi Suzuki: The GDP gap will not immediately affect the economic aggregate. It is important to accumulate a package of effective measures. The movements of the foreign exchange market depend on many factors. Interest rate differences do not determine the foreign exchange market.



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




Technical analysis:


The 4-hour chart shows that the short selling momentum remains narrow and weak, the market short selling sentiment remains unchanged, the short-term decline has not stopped, the MACD indicator is short and has maintained consolidation, and the RSI indicator is in the short region and remains hovering;


Empty turning point: 26371


Pressing position: 26504, 26650


Support position: 26188, 26055


Trading strategy: 26371 lower bearish, target 26188, 26055


Alternative strategy: bullish above 26371, target 26504, 26650

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

More