Tuesday, April 21, 2009

Mizuho Bank. Trading advice on major currency pairs 21/4


Mizuho Bank. Shopping advice
Euro / dollar
Commentary
The pair fell below the Fibonacci support, but remains within a large cloud Ishimoku and formations shaped flag. Euro is resold, and there are risks of a sharp turn to the higher end of the week.
Strategy
Open positions in the small purchase approximately 1.2945 with a stop order below 1.2850. Boost confidence with the long positions break above 1.3100 to make the move towards 1.34 in the short term.
Dollar / yen
Commentary
Dollar / yen fell to fresh minimum slightly above the level of correction in the Fibonacci 50.0% of the traffic with a minimum of March, with further prospects look dim, and we consider the current movement as a consolidation below the psychological resistance near 100.00. There are risks that the downward movement of today will be continued.
Strategy
Buy from 98.35 with the foot below 97.50 and the purposes to 99.50 and 98.50.
Pound / Dollar
Commentary
The pair fell below the first Fibonacci support, but the cannon of 26-day moving average and the tops of clouds Ishimoku. It would be interesting to whether the pound to take this support for changing the dynamics.
Strategy
Open positions for buying at 1.4540 with stop order below 1.4430. Short-term goal to 1.4700, then 1.4850.

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