Scribd Logo
Upload

Welcome to Scribd!

  • 31 views

    Mizuho Corporate Bank

    Uploaded by

    Miir Viir
    The document provides a technical analysis of the EUR=EBS exchange rate against the US dollar. It includes a chart showing the exchange rate from September 2009 to March 2010 along with indicators like the Tenkan Sen line and Kijun Sen line. In the comment, it notes that the euro is currently capped at 1.4200 and retreating to re-test a 50% Fibonacci retracement level. It suggests possibly taking small long positions at 1.4080 but being ready to re-buy on a sustained break above 1.4225, with targets of 1.4180 and 1.4400 respectively.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Mizuho Corporate Bank

    Uploaded by

    Miir Viir
    31 views1 page
    The document provides a technical analysis of the EUR=EBS exchange rate against the US dollar. It includes a chart showing the exchange rate from September 2009 to March 2010 along with indicators like the Tenkan Sen line and Kijun Sen line. In the comment, it notes that the euro is currently capped at 1.4200 and retreating to re-test a 50% Fibonacci retracement level. It suggests possibly taking small long positions at 1.4080 but being ready to re-buy on a sustained break above 1.4225, with targets of 1.4180 and 1.4400 respectively.

    Original Description:

    Forex daily Technicals

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides a technical analysis of the EUR=EBS exchange rate against the US dollar. It includes a chart showing the exchange rate from September 2009 to March 2010 along with indicators like the Tenkan Sen line and Kijun Sen line. In the comment, it notes that the euro is currently capped at 1.4200 and retreating to re-test a 50% Fibonacci retracement level. It suggests possibly taking small long positions at 1.4080 but being ready to re-buy on a sustained break above 1.4225, with targets of 1.4180 and 1.4400 respectively.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views1 page

    Mizuho Corporate Bank

    Uploaded by

    Miir Viir
    The document provides a technical analysis of the EUR=EBS exchange rate against the US dollar. It includes a chart showing the exchange rate from September 2009 to March 2010 along with indicators like the Tenkan Sen line and Kijun Sen line. In the comment, it notes that the euro is currently capped at 1.4200 and retreating to re-test a 50% Fibonacci retracement level. It suggests possibly taking small long positions at 1.4080 but being ready to re-buy on a sustained break above 1.4225, with targets of 1.4180 and 1.4400 respectively.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Mizuho Corporate Bank

    Technical Analysis 26 January 2010


    EUR
    EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
    26Sep09 - 03Mar10
    Pr

    EUR=EBS , Last Quote, Candle


    1.51
    26Jan10 1.4151 1.4180 1.4071 1.4078
    EUR= , Bid, Tenkan Sen 9 1.505
    26Jan10 1.4290
    EUR= , Bid, Kijun Sen 26 1.5
    26Jan10 1.4304
    EUR= , Bid, Senkou Span(a) 52 1.495
    02Mar10 1.4297
    EUR= , Bid, Senkou Span(b) 52 1.49
    02Mar10 1.4585
    EUR= , Bid, Chikou Span 26 1.485
    22Dec09 1.4076
    1.48

    1.475

    1.47

    1.465

    1.46

    1.455

    1.45

    1.445

    1.44

    1.435

    1.43
    38.2
    1.425

    1.42

    1.415

    1.41

    1.405
    50.0
    1.4
    30Sep09 07Oct 14Oct 21Oct 28Oct 04Nov 11Nov 18Nov 25Nov 02Dec 09Dec 16Dec 23Dec 30Dec 06Jan 13Jan 20Jan 27Jan 03Feb 10Feb 17Feb 24Feb 03Mar

    Comment: Currently capped at 1.4200 and retreating to re-test the 50% Fibonacci retracement from April
    2009’s low (not October 2008’s low). One-month at-the-money implied volatility appears to have based around
    10.00% and should now squeeze up to 13.50%. Over the next few weeks we feel the Euro should stabilise and form
    a new interim low but this could be a slow, nerve-wracking process.

    Strategy: Possibly attempt very small longs at 1.4080; stop below 1.4000. Short term target 1.4180 but be
    ready to re-buy on a sustained break above 1.4225 for 1.4400.
    Chart Levels:
    Support Resistance Direction of Trade
    1.4071 1.4120
    1.4050 1.4182/1.4195*
    1.4029* 1.4220
    1.4000** 1.4311
    1.3900 1.4415

    Produced by London Branch - Nicole Elliott +44-20-7786-2509


    The information contained in this paper 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 paper 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.

    Charts provided by Reuters.

    You might also like