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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 88836, member: 31380"] [color=#00cc00][u][b]Yen (JPY)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The Japan retail sales rose by 1.6% y/y in July, still the growth by 1.1% y/y was expected. Last month the unemployment rate was 3.3%, which is 0.1% lower than in June and below economists' expectations by 3.4%. Household spending declined by 0.2 % in July with the price correction after a decrease by 2.0% in June. Economists had expected an increase by 1.0%. The pair shows the dollar’s strengthening. The resistance level of 121.60 was tested. The price is finding the first support at 120.40, the next one is at 119.20. The price is finding the first resistance at 121.60, the next one is at 122.40. The price is in the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden Cross”. The MACD indicator is in a neutral territory. The price is growing. [color=#0000cc][b]Trading recommendations[/b][/color] We recommend going long with the first target – 122.40. When the price consolidates above the first target it may go to the level of 123.50. [img]http://savepic.net/7240822.jpg[/img] [color=#00cc00][u][b]Franc (CHF)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The Swiss GDP for the second quarter increased by 0.2% q/q and rose up by 1.2% y/y. The data was better than economists' expectations by 0.1% q/q 0.8% y/y. The private consumption growth was 0.3%, investments in equipment + 1.5%, Swiss exports fell by 0.2% in the second quarter. The US dollar is recovering its positions, reaching the strong resistance level of 0.9650. This level was short-term broken upwards then there was a rebound downwards. The price is finding the first support at 0.9540, the next one is at 0.9370. The price is finding the first resistance at 0.9650, the next one is at 0.9750. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden Cross”. The MACD indicator is in a positive territory. The price is growing. [color=#0000cc][b]Trading recommendations[/b][/color] We advise to long with the first target - 0.9650. When the pair consolidates below the first target, we can open deals to the level of 0.9750. [img]http://savepic.net/7212150.jpg[/img] [i][b]*Analytical review is presented by the leading analyst of the broker Fort Financial Services, [color=#0099cc]Alexander Kofman.[/color][/b][/i] [url=https://www.fortfs.com/en][img]http://www.picshare.ru/uploads/140726/3UKf6za6n5.jpg[/img][/url] [/QUOTE]
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