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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 341930, member: 104606"] [B][SIZE=5]NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels[/SIZE][/B] [img]https://i.imgur.com/34Xq0GS.jpeg[/img] On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by: → Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their products abroad and then convert the profits into yen. → Demand for shares of Japanese companies paying dividends. For example, shares of air conditioner manufacturer Daikin Industries rose by 2.82%. At the same time, the NIKKEI-225 chart signals indicate the likelihood of a correction, since: → The price is near the upper border of the ascending channel, from which resistance can be expected. [img]https://i.imgur.com/POjuDlq.png[/img] [B][URL="https://fxopen.com/blog/en/oa-nikkei-225-analysis-indicates-possibility-of-correction-from-historically-high-levels/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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