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. |
Tuesday, April 21, 2009
Mizuho Bank. Trading advice on major currency pairs 21/4
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