Home Event Autralian public actively purchases clothes

Autralian public actively purchases clothes

04.07.2018

Tool: AUDCHF

Position: Buy

(1 ratings, average: 5,00 of 5)

Загрузка...

In May, retail sales in Australia has grown up to 0.4%. The economists expected the growth of 0.3%. The retail sales growth was caused by the strong clothing demand. Sales in department stores has grown up to 3.9% and spendings in cafes and restaurants have declined by 1%. Besides, the positive export surplus is estimated at AUD 827 million. Moreover, raw commodity export has increased. Australia’s exports’ cost has grown by 4%, and the import cost — by 3%. Iron stone export has grown by 4%, and coal export — by 6%. Good statistics data favourably impact AUD. Mid-term AUD’s strengthening is expected.

Let’s take a look at a technical analysis for AUD/CHF.

Time H4.

New fifth point for the wave-structure has been formed.

5-wave bullish model for the purchase is formed.

We recomend to search for long position’s opening opportunities in the entrypoint above the construction treadline.

Take-profit is set at 0.7459.

Profit target is around 95 points.

Stop loss is fixed at 0.7272.

At the level of 0.7447 we recommend to start breakeven. It is worthn to remind that we open orders only when the price reaches the target point and sets below the bullish structure’s treadline construction. If the price fails to be fixed and takes a turn, we will look for new long position’s opening opportunities for the pair with a target to buy up to 0.7459.

Funds deposit and withdrawal

Contacts

All information which is on the site is exclusively for fact-finding and is not to be used as the sole basis of investment decisions.

Trading Forex on margin offers good opportunities to receive high profit, and carries a high level of risk. Prior to trading you should make sure you fully understand all the risks involved and take into consideration your level of experience and financial situation.

Regardless of the quantity of use of site materials, you must cite Hamilton as the information source. When using the site's information on the Internet, it must be accompanied by a hyperlink that refers to the address hamilton.club. The use of automatic import of the information is prohibited.

Dynasty of Investors

Autralian public actively purchases clothes

Comments

Contacts