Bank Recomendations
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Euro/dollar upside intact for now
Tue, May 12 2009, 12:28 GMT
by Benny Menashe
Finotec Group Inc.
UBS
EURO/DOLLAR: "Setback from $1.3668 corrective while $1.3343 holds, keeping our focus on $1.3736 mid-March high."
DOLLAR/YEN: "Heavy sell-off breaks below 97.94 yen and 97.15 yen, opens 96.39 yen -- trigger for 95.63 yen bear trigger. Intra-day upside capped at 98.82 yen."
STERLING/DOLLAR: "Constructive above $1.4944, with focus on renewed gains beyond $1.5261 to open $1.5374 January high."
DRESDNER KLEINWORT/COMMERZBANK
EURO/DOLLAR: "The interday outlook remains directly constructive above $1.3550, with gains through the recent $1.3670 high targeting the $1.3740/$1.4040 levels (March 09 high and the 55 week moving average). A failure of the $1.3550 support would provoke slippage towards $1.3470/35, then the more significant $1.3375 weekly support."
DOLLAR/SWISS FRANC: "The outlook is negative; with near term consolidation beneath the significant 1.1170 francs resistance (50 percent of the Dec 08 -- March 09 advance) paving the way for an extension of the downtrend through the recent 1.1020 franc low; targeting 1.0980/1.0750 francs. Suggest an opening 1.1020-1.1110 francs range today."
STERLING/DOLLAR: "The outlook is positive; with last week’s close above the $1.5065 April 09 highs targeting $1.5310 then $1.5720. Supported at $1.5070/35 (max. $1.4945).”
Published on
Tue, May 12 2009, 12:29 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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