FX Technical Analysis disclaimer
What our research is based on
Swedbank FX Technical Analysis provides a technical view for the more short-term operations and is to be regarded as general information. This publication is entirely based on Technical Analysis. We believe that we have used reliable methods and processing routines in the preparation of the analysis as reported in the publication. Technical Analysis is generally based on price movements and does not take into account other facts in underlying assets or external environment.
Recommendation structure
The recommendation structure for Swedbank FX Technical Analysis differs from the structure used by other departments within Swedbank and Swedbank Research. Swedbank FX Technical Analysis provides technical view of the future development of the underlying asset, along with technical support and resistance levels for the same. It will be noted in the report if the opinions are positive or negative when needed.
Analyst’s certification
The analyst(s) responsible for the content of this report hereby confirm that notwithstanding the existence of any such potential conflicts of interest referred to herein, the views expressed in this report accurately reflect their personal views about the securities covered. The analyst(s) further confirm not to have been, nor are or will be, receiving direct or indirect compensation in exchange for expressing any of the views or the specific recommendation contained in the report.
Issuer, distribution & recipients
This report is produced by Strategy and Allocation in Group Products & Advice, a product area within Swedbank AB (publ) (“Swedbank”). Swedbank is under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen).
In no instance is this report altered by the distributor before distribution.
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In the United Kingdom this communication is for distribution only to and directed only at "relevant persons". This communication must not be acted on – or relied on – by persons who are not "relevant persons". Any investment or investment activity to which this document relates is available only to "relevant persons" and will be engaged in only with "relevant persons". By "relevant persons" we mean persons who:
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Limitation of liability
All information, including statements of fact, contained in this research report has been obtained and compiled in good faith from sources believed to be reliable. However, no representation or warranty, express or implied, is made by Swedbank with respect to the completeness or accuracy of its contents, and it is not to be relied upon as authoritative and should not be taken in substitution for the exercise of reasoned, independent judgment by you.
Be aware that investments in capital markets – such as those described in this document – carry economic risks and that statements regarding future assessments comprise an element of uncertainty. You are responsible for such risks alone and we recommend that you supplement your decision-making with that material which is assessed to be necessary, including (but not limited to) knowledge of the financial instruments in question and the prevailing requirements as regards trading in financial instruments.
Opinions contained in the report represent the analyst's present opinion only and may be subject to change. In the event that the analyst's opinion should change or a new analyst with a different opinion becomes responsible for our coverage of the product, we shall endeavor (but do not undertake) to disseminate any such change, within the constraints of any regulations, applicable laws, internal procedures within Swedbank, or other circumstances.
If you are in doubt as to the meaning of the recommendation structure used by Swedbank in its research, please refer to “Recommendation structure”.
Swedbank is not advising nor soliciting any action based upon this report. This report is not, and should not be construed as, an offer to sell or as a solicitation of an offer to buy any securities.
To the extent permitted by applicable law, no liability whatsoever is accepted by Swedbank for any direct or consequential loss arising from the use of this report.
Conflicts of interest
In Group Products & Advice, internal guidelines are implemented in order to ensure the integrity and independence of the research analysts.
For example:
- Independent research reports are based solely on publicly available information.
- The analysts are not permitted, in general, to have any holdings or any positions (long or short, direct or via derivatives) in such Financial Instruments that they recommend in their investment analysis.
- The remuneration of staff within the Strategy & Allocation may include discretionary awards based on the firm’s total earnings, including investment banking income. However, no such staff shall receive remuneration based upon specific investment banking transactions.
Planned updates
An investment recommendation is normally updated once a week.
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