Alex von Stachelkopf
Forexnews. Today another key review of business sentiment, which was published by the Central Bank, gives careful conclusions about the growth of big business confidence and further economic development. These estimations are rather positive amid global tendency of expecting decline and exacerbation of crisis.
During the previous three months the index has returned to the positive zone and amounted to +2, versus -9 during the 2nd quarter of 2011. The index value may range between -100 and +100; it means the average percentage-wise sentiment mark. Passing a zero point is very significant, for it represents the sentiment of the majority of big business representatives.
Despite growth, the Central Bank warns that more exact conclusions can only be given when 2011 ends and mid-year tendencies are clear.
As claimed by the experts of the Department of Masterforex-V Trading System , the rate of Japanese yen keeps forming Weekly level bear wave А(С). 75.93, absolute minimum, which was reached on August 19, 2011, will be the nearest level of support. It will be followed by 75.06 – 123.6% and 74.30 – 138.2%. Correction motion will be formed only after Daily level bullish wave is formed by means of passing sloping channel MF and pivot MF at the point of 0.8022 with the support of АО indicator.
Alex von Stachelkopf
