Wednesday, April 22, 2009

Mizuho Bank. Trading advice on major currency pairs 22/4/2009


Mizuho Bank. Shopping advice
Euro / dollar
Commentary
Euro / dollar remains in a relatively small range just below the level of correction of Fibonacci and the border of large clouds Ishimoku, but now keeps a pair near the lower border of the flag. Single European currency is resold, as they fear a sharp turn to the higher end of the week
Strategy
Open positions in the small purchase approximately 1.2935 with a stop order below 1.2850. Boost confidence with the long positions break above 1.3000 and 1.3100 with the expectation of the movement to 1.34 in the short term.
Dollar / yen
Commentary
The dollar / yen remains slightly above the level of correction in the Fibonacci 50.0%, and the couple is between 9 and 26-day moving averages. Trade, characteristic of recent days is likely to continue.
Strategy
Buy from 98.35 with the foot below 97.50 and the purposes to 99.50 and 99.00.
Pound / Dollar
Commentary
Couple welcomes support in the form of 26-day moving average and the tops of clouds Ishimoku. The ability to hold above 1.46 today can support the strengthening of bull sentiment.
Strategy
Open positions for buying at 1.4625 with stop order below 1.4430. Short-term goal to 1.4700, then 1.4850.

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