日本語
Español
中文
Русский 
- New York 07:37
- London 12:37
- Barcelona 13:37
- Tokyo 21:37
- Sydney 23:37
Daily Technical Analysis
15
0
EUR/JPY: Attempt shorts at 134.00; stop above 135.85
Thu, Nov 5 2009, 07:10 GMT
by Nicole Elliott
EUR
Comment: Rallying more quickly and more strongly that we had though possible as the Euro bounces from Fibonacci and channel support. We continue to see the latest decline as corrective but are not sure where and how long it will take to form a new interim base. This process could take a couple of weeks so probably no need to rush in too quickly.
Strategy: Possibly attempt small longs at 1.4820 but only if prepared to add to 1.4700; stop below 1.4620. Short term target 1.4900/1.4930.
EUR/JPY
Comment: Thrashing around in the middle of this year’s broad range. With momentum bearish, the Euro not oversold against the Yen, and a small ‘spike high’ last night should sent this pair back down to 132.00, and eventually more.
Strategy: Attempt shorts at 134.00; stop above 135.85. Short term target 132.00, then 131.00, eventually another big slide lower still.
GBP
Comment: Cable is still trapped below important resistance around 1.6665 and further cautious downside probes cannot be ruled out. Nevertheless we continue to favour the building of a new interim low this month where short term watch support around 1.6200; medium term the 1.5900 area is key.
Strategy: Attempt small longs at 1.6465; stop well below 1.6200. First target 1.6600/1.6665.
JPY
Comment: Still hovering slightly unstably between the 26 and 9--day moving averages with a small ‘spike high’ overnight. This has turned momentum bearish and the US dollar is still not oversold. Time to drop below 90.00 and set up for another cautious downside test of key support.
Strategy: Attempt shorts at 90.35/90.60; stop above 91.35. Short term target 89.85, then 89.25.
Download Full EUR Technical Analysis
Published on Thu, Nov 5 2009, 07:17 GMT
Archive
- EUR: Attempt small longs at 1.4915; stop below 1.4800
Published On Fri, Nov 20 2009, 07:30 GMT - EUR: Attempt small longs at 1.4915; stop below 1.4800
Published On Thu, Nov 19 2009, 07:40 GMT - EUR: Attempt small longs at 1.4900; stop below 1.4800
Published On Wed, Nov 18 2009, 07:26 GMT - EUR: Attempt small longs at 1.4960; stop below 1.4800
Published On Tue, Nov 17 2009, 07:28 GMT - EUR/JPY: Possibly attempt tiny shorts at 134.15; stop above 135.75
Published On Mon, Nov 16 2009, 07:32 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Legal disclaimer and risk disclosure
The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
eurusd, eurjpy, techbanks, gbpusd, usdjpy
View AllRelated content
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Forex: GBP/USD fails to hold above 1.6500
FXstreet.com | Fri, Nov 20 2009, 20:35 GMT
Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835
FXstreet.com | Fri, Nov 20 2009, 18:33 GMT
Forex: USD/JPY retreats to 88.85 after hitting intra-day high at 89.15
FXstreet.com | Fri, Nov 20 2009, 17:43 GMT
eurusd, eurjpy, techbanks, gbpusd, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.