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. |
Wednesday, April 22, 2009
Mizuho Bank. Trading advice on major currency pairs 22/4/2009
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