Daily Forex Market Analysis - 28 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 28-02-2008

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EUR/USD

We are expecting some profit-taking today. So we are looking to buy the pair based on TNT signal as long as it remains above the 1.5043 level. Our short-term price target for this pair is 1.5000 has been reached. Next price target is at 1.5200, followed by 1.5500.

GBP/USD

We are avoiding this pair for today. However, we are expecting the pair to continue to move upward but with weak momentum.

USD/CHF

We are looking to sell the pair based on TNT signal as long as it remains below the 1.0680 level. The pair’s short-term price target at 1.0800 has been reached. The next price target is at 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the 106.75 level, provided the global stock market is bearish, or vice versa. Our short-term price target is at 105.00.

EUR/JPY

We are staying away from this pair for today.

USD/CAD

We are looking to sell the pair based on TNT signal provided it remains below the 0.9985 level and prices are trendy. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are expecting some profit-taking today. Nevertheless, we are still looking to buy the pair based on TNT signal as long as it remains above the 0.9347 level (Tuesday’s high) and prices are trendy. Note that the medium-term price target at 0.9400 has been reached. We now have 1.0000 as our long-term term price target.

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Daily Forex Market Analysis - 27 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 27-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the 1.4966 level. Our short-term price target for this pair is 1.5000 has been reached. Next price target is at 1.5200, followed by 1.5500.

GBP/USD

We are looking to buy the pair based on TNT signal as long as it remains above the 1.9806 level. There is now a strong possibility that the pair may attempt to undergo a bullish reversal.

USD/CHF

We are looking to sell the pair based on TNT signal as long as it remains below the 1.0825 level. The pair’s short-term price target at 1.0800 has been reached. The next price target is at 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the 107.45 level, provided the global stock market is bearish. Our short-term price target is at 105.00.

EUR/JPY

We are staying away from this pair for today.

USD/CAD

We are looking to sell the pair based on TNT signal provided it remains below the 0.9985 level and prices are trendy. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are looking to buy the pair based on TNT signal as long as it remains above the 0.9281 level (Monday’s high) and prices are trendy. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Forex Market Analysis - 26 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 26-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot. But do be very careful of the strong resistance at 1.4865. The short-term price target for this pair is 1.5000.

GBP/USD

We are looking to buy the pair based on TNT signal as long as it is above the PIPS Weekly Pivot. However, we may also sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot.

USD/CHF

We are looking to sell the pair on rebound based on TNT signal as long as it remains below the PIPS Weekly Pivot. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot at 107.43, provided the global stock market is bearish.

EUR/JPY

We are staying away from this pair for today as it is still experiencing a tug of war between EUR and JPY.

USD/CAD

We are looking to sell the pair provided it is below the PIPS Weekly Pivot and prices are trendy. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are looking to buy the pair as long as it remains above the PIPS Weekly Pivot and prices are trendy. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Forex Market Analysis - 25 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 25-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot. But do be very careful of the strong resistance at 1.4865. The short-term price target for this pair is 1.5000.

GBP/USD

We are looking to buy the pair based on TNT signal as long as it is above the PIPS Weekly Pivot. However, we may also sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot.

USD/CHF

We are looking to sell the pair on rebound based on TNT signal as long as it remains below the PIPS Weekly Pivot. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot at 107.43, provided the global stock market is bearish.

EUR/JPY

We are staying away from this pair for today as it is still experiencing a tug of war between EUR and JPY.

USD/CAD

We are looking to sell the pair provided it is below the PIPS Weekly Pivot and prices are trendy. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are looking to buy the pair as long as it remains above the PIPS Weekly Pivot and prices are trendy. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Our 1st Weekly Gathering for 2008

Filed Under (Weekly Gathering) by Trader on 23-02-2008

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p2230082s.JPG

The first weekly gathering for 2008 was kicked off yesterday (23 Feb 08, Saturday) for the students of Dynamite TNT Forex Trading System. 

Over the next 2.5 hours, the following were covered:

  1. Past week market performance and the market outlook for the coming week - by Clarence Chee. 
  2. Common mistakes made by new students in their trading journey, eg entering the market without waiting for the correct indicators to show the right signals, etc - by Clarence Chee.
  3. Installing and using MT4 wireless trading platform on PDA - by Melvin Tan.
  4. Upcoming new technology like UMPC and ISP mobile broadband scheme - by John Chen.

 p2230077s.JPG Clarence reviewed on the market performance for the currency pairs for the past one week.He also walked through with the students on the outcome of the forex market for the coming week
 p2230079s.JPG Students giving all ears to the tips and analysis shared by Clarence and senior students.
 p2230088s.JPG Melvin, a graduate of Dynamite TNT Forex Trading System and also one of Forex Club Yahoo Group’s moderators, shared on MT4 wireless trading platform   
 p2230093s.JPG Another graduate of Dynamite TNT Forex Trading System, John shared on using mobile broadband account and UMPC for mobile forex trading 
 
 p2230096s.JPGp2230097s.JPGp2230098s.JPGp2230100s.JPG
More sharing of information and experiences among the students, graduates and coach.
   

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Daily Market Analysis - 22 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 23-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal on a downward retracement to between 1.4750 and 1.4810. But do be very careful of the strong resistance at 1.4865. The short-term price target for this pair is 1.5000.

GBP/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot. However, we may also sell the pair based on TNT signal once it breaks below the 1.9550 level.

USD/CHF

We are looking to sell the pair on rebound based on TNT signal as long as it remains below the previous day low at 1.0935. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot at 107.63, provided the global stock market is bearish.

EUR/JPY

We are staying away from this pair for today as it is still experiencing a tug of war between EUR and JPY.

USD/CAD

We are staying away from this pair for now. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are staying away from this pair for today. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Market Analysis - 21 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 21-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above 1.4695. However, we will also look to sell once it breaks below 1.4695 based on TNT signal. The short-term price target for this pair is 1.5000.

GBP/USD

We are looking to sell the pair based on TNT signal as long as it remains below the 1.9480 level. The pair may be re-testing its January low at 1.9336.

USD/CHF

We are looking to sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot. However, we may look to buy based on TNT signal as long as remains above the PIPS Weekly Pivot. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 107.63, provided the global stock market is bullish.

EUR/JPY

We are staying away from this pair for today.

USD/CAD

We are staying away from this pair for now. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are staying away from this pair for today. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Market Analysis - 20 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 20-02-2008

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EUR/USD

We are looking to sell the pair based on TNT signal once it breaks below 1.4695, with a possible target profit at 1.4584. However, the short-term price target for this pair is 1.5000.

GBP/USD

We are looking to sell the pair based on TNT signal as long as it remains below the 1.9550 level. The pair may be re-testing its January low at 1.9336. Do be careful of the 1.9400 level.

USD/CHF

We are looking to buy the pair based on TNT signal once it breaks above the PIPS Weekly Pivot with a possible profit target at 1.1040. However, the pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 107.63, provided the global stock market is bullish.

EUR/JPY

We are staying away from this pair for today.

USD/CAD

We are staying away from this pair for now. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are staying away from this pair for today. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Market Analysis - 19 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 19-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 1.4634. However, in the event the pair breaks below the PIPS Weekly Pivot, we may look to sell. Note that the 4-Hourly Stochastic is rising. Our short-term price target for this pair is 1.5000.

GBP/USD

We are looking to sell based on TNT signal provided the pair remains below the PIPS Weekly Pivot at 1.9574. The pair may be re-testing its January low at 1.9336. Do be careful of the 1.9400 level.

USD/CHF

We are looking to buy the pair based on TNT signal if it is able to remain above the 1.1020 level. In the event the pair breaks below the PIPS Weekly Pivot, we may look to sell based on TNT signal. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 107.63, provided the global stock market is bullish, and vice versa.

EUR/JPY

We are looking to buy the pair based on TNT signal as long as it remains above 157.60, provided the global stock market is bullish.

USD/CAD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot. The 4-Hourly Stochastic is seen going to cross upward. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are still looking to buy the pair based on TNT signal as long as it remains above the 0.9071 level. The medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

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Daily Market Analysis - 18 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 18-02-2008

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EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 1.4634. Our short-term price target for this pair is 1.5000.

GBP/USD

We are looking to buy the pair based on TNT signal provided the pair remains above the PIPS Weekly Pivot at 1.9574. It seems now that the pair may be gathering its bullish momentum to reverse its bearish trend as it seeks to re-test first the 1.9800 level and then the 2.000 level.

USD/CHF

We are looking to short the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot at 1.0965. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot at 107.63, provided the global stock market is bearish, which is likely to be so.

EUR/