Daily Analysis (9/10) After the rebound of US stocks, is the Nikkei average losing momentum?
Fundamental analysis.
- If the Federal Reserve makes a substantial rate cut this month, there is a potential risk of further unwinding in the carry trade using the yen as a source of funds for US stocks.
- On the 10th, the Japanese stock market saw a slight increase in stock prices. High-tech stocks and bank stocks are high, supported by the weakening of the yen and the rise in US stocks the previous day. However, the buying momentum is weak, and there are moments when the index turns down. After the release of last week's US employment statistics, the probability of a significant interest rate cut in the interest rate swap market has decreased, but concerns about a delayed interest rate cut and increased risk of economic downturn remain strong.
Technical analysis (Rating: 2.25/5)
Chart pattern: Blocked by the resistance line of the downward trend that started in July.
The focus is still on breaking through this resistance line. (2/5)
- Moving averages: The candlestick overlaps with the 5-day moving average, but the momentum is weakening.(2/5)
- Ichimoku Cloud: The three roles are reversed. No signs of change are observed.(1/5)
- DMI: A dead cross occurred with MDI/ADX. The downward momentum is now slowing down.(3/5)
- RSI: It is within 40. The slightly oversold level continues.(3/5)
Historical Volatility: It has transitioned from a decline after the high range to a low level.The feeling of being stuck has improved (2.5/5).
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