Mar
19Daily Forex Market Analysis - 18 Mar 2008
Filed Under (Daily Forex Market Analysis) by Trader on 19-03-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
The pair looks toppish on the charts. However, we are still looking to buy the pair based on TNT signals as long as it remains above the PIPS Weekly Pivot. However, if the pair breaks below the PIPS Weekly Pivot, we may look to sell the pair based on TNT signals. For both cases, prices must be trendy and not choppy. Our short-term price targets for this pair, 1.5000, 1.5200, 1.5500 and 1.5800 have been reached. Next price target is at 1.6000, followed by 1.6200.
GBP/USD
We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided prices must be trendy and not choppy. Our short-term price target for this pair is 2.0400.
USD/CHF
We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, or buy the pair if it breaks above the PIPS Weekly Pivot based on TNT signals. For both cases, prices must be trendy and not choppy. The pair’s short-term price targets at 1.0800, 1.0500, 1.0300, 1.0000 and 0.98000 have been reached. The next price target is at 0.9500.
USD/JPY
We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish, and prices are trendy and not choppy. Our short-term price targets at 105.00, 103.00, 100.00 and 98.00 have been reached. Our next price target is 95.00.
EUR/JPY
We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish and prices are trendy and not choppy. We are still reviewing the Short-Term Price Target for this pair.
USD/CAD
We are staying away from this pair for today. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.
AUD/USD
We are looking to sell the pair based on TNT signals as long as it remains below the 0.9232 level, provided prices must be trendy and not choppy. Note that our short-term price target at 0.9400 has been reached. We now have 1.0000 as our long-term term price target.


























