Bank Recomendations
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Bank−Recommendations
Thu, Oct 9 2008, 12:34 GMT
by Benny Menashe
Finotec Group Inc.
STANDARD CHARTERED
EUR/USD: "Spot has bounced on technical signals that EUR/USD is oversold. Some stochastic and RSI technical signals are oversold and the series of higher intra-day lows may hint at more upside for spot (we forecast $1.46 for EUR-USD at year-end)"
USD/JPY: "Spot continues to trade heavy on fragile risk appetite and as Japanese investors are taking money home. Technical indicators remain bearish and we may see a test of the key psychological support level of 100.00 yen over the coming days."
GBP/USD: "Spot is consolidating ahead of yesterday's low at 1.7319. Whilst the chart pattern is tentative, a doublebottom may be developing with corrective upside potential to $1.7835 (last week's intra-day high). The UK economic data remains bleak and threatens any sustained rebound"
UBS
EUR/USD: "Heavy near-term below $1.3773 - pressure mounts on $1.3444 trend low".
USD/JPY: "Bearish below 103.29 yen, targeting 98.56 yen but with scope for 95.76 trend low from March".
GBP/USD: "Loss of $1.7447 exposes $1.7319 ahead of pivotal $1.7049 reaction low from December 2005. Intraday resistance at $1.7658 ahead of $1.7839".
Published on
Thu, Oct 9 2008, 12:37 GMT
Archive
- Near-term positive above $1.6266, focus remains on renewed gains
Published On Mon, Aug 3 2009, 10:45 GMT
- We cannot rule out a return to 93.55/93.85 yen, or at most to the 94.65/90 resistance area
Published On Mon, Jul 13 2009, 12:49 GMT
- Looking for direction while trading above an increasingly large, upward-sloping Ichimoku 'cloud'
Published On Tue, Jul 7 2009, 08:40 GMT
- The up-thrust top should within a few sessions start to deliver further downside pressure
Published On Thu, Jul 2 2009, 10:46 GMT
- Consolidating in a 'triangle/pennant' formation at the lower edge of a large Ichimoku 'cloud'
Published On Mon, Jun 29 2009, 10:40 GMT
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Finotec
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