Finotec News Archive - September 07 2007
Bank Recommendation
Technical Analsis by Major BanksSagiv Perez 
07 September 2007
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BNP PARIBAS
EUR/USD: "After two attempts on the downside, (the pair) is finding resistance below $1.3720, seen as a bullish break point. The currency pair remains on a wait-and-see position. Main support is at $1.3630. The daily indicators remain neutral, slightly above zero. The hourly ones are signaling strong resistance."
EUR/GBP: "Holding above 67.38 pence, is again returning within its range seen during the past few weeks. The currency pair is seen between 67.61 and 67.87, before a rise towards 68.03."
GBP/USD: "Still seen testing resistance, with $2.0270 (seen) as a bullish break point (ascending resistance line). Support is at $2.0185. Above $2.0270, the next target is
at $2.0395. The very bearish reversal point is at $2.0040."
EUR/JPY: "Still struggling around its 20-day moving average, is holding above 156.55 yen. The first main resistance is at 158.70, with the bullish break point at 159.70. On the downside, the key bearish break point is at 156.55. The daily indicators remain contradictory, signalling resistance, while the MADC (moving average convergence divergence) is rising. The hourly indicators are signalling resistance."
TRL
EUR/USD: "The euro has rallied nicely and support is now about $1.3640 level for resumption of uptrend onto $1.3850-plus over coming days."
USD/JPY: "Whilst holding above 114.80 yen, rallies back above 115.45/70 (are likely) to target 116.00-plus."
USD/CHF: "Looking for a corrective recovery towards 1.2065 francs, 1.2090 maximum, before the decline resumes."
AUD/USD: "Support around mid-US$0.8200's to extend advance beyond US$0.8300 and onto US$0.8360."
NZD/USD: "Looking for a rally beyond US$0.6935 onto the key US$0.6970/85 resistance area."
Finotec Analysis Team
07 September 2007
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