Thursday, April 23, 2009

Mizuho Bank. Trading advice on major currency pairs 23/4/2009



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.

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