Mizuho Bank. Shopping advice | |
Euro / dollar | |
Commentary | Euro / dollar is trying to form a base near the lower limit of a large flag, and you can expect the new conservative attempts to rise above, the situation can continue to improve, if Momentum will be able to form a bullish signal. |
Strategy | Open positions in the small purchase approximately 1.3025 with a stop order below 1.2850. Boost confidence with the long positions break above 1.3050 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 98.00 with the foot below 97.50 and the purposes to 99.50 and 99.00. |
Pound / Dollar | |
Commentary | Couple welcomes support in the area of cloud tops Ishimoku, but worth paying attention to the fact that the 26-day moving average has risen to 1.4590. The ability to hold above 1.45 today can support the strengthening of bull sentiment. |
Strategy | Open positions for buying at 1.4555 with stop order below 1.4350. Short-term goal to 1.4700, then 1.4850. |
Thursday, April 23, 2009
Mizuho Bank. Trading advice on major currency pairs 23/4/2009
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