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Jpn225: multi head high level finishing
2022-08-19
1244
Fundamental analysis:
The Nikkei 225 index closed down 288.27 points, or 0.99%, at 28934.50 on Thursday, August 18. Japan's CPI excluding fresh food in July will hit 2.4%, which was expected to be 2.2% in the previous month. The latest inflation expectation may not allow Bank of Japan governor Haruhiko Kuroda to abandon his adherence to the easing stance for the time being.
Nikkei index jpn225 - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the Bulls' power keeps up, the high-level short-term narrow range consolidation and translation, and the market pull-up trend may continue. The MACD indicator is in the Bulls' region to maintain consolidation and translation, and the RSI indicator is in the weak position of the bulls;
Long and short turning point: 29034
Pressing position: 29221, 29339
Support position: 28923, 28812
Trading strategy: bullish above 29034, targets 29221 and 29339
Alternative strategy: bearish below 29034, targets 28923 and 28812
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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