Daily Forex Market Analysis - 6 Mar 2008

Filed Under (Daily Forex Market Analysis) by Trader on 07-03-2008

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EUR/USD

The pair looks toppish on the charts. We may cautiously look to buy based on TNT signal as long as the pair remains above the 1.5200 level, provided prices are trendy. Both our short-term price targets for this pair, 1.5000 and 1.5200, have been reached. Next price target is at 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, provided prices are trendy. Currently we have no short-term price target for this pair as we are adopting a neutral view on it.

USD/CHF

We are cautiously looking to sell the pair based on TNT signal as long as it 1.0425 and provided prices are trendy. The pair’s short-term price targets at 1.0800 and 1.0500 have been reached. The next price target is at 1.0300, followed by 1.0200.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish and prices are trendy. Our short-term price targets at 105.00 and 103.00 have been reached with next price target at 100.00, followed by 95.00.

EUR/JPY

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot, or sell based on TNT signal once it breaks below the PIPS Weekly Pivot. For both possible action, we need to ensure that prices are trendy. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot, provided 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 once it breaks above the PIPS Weekly Pivot, provided 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 - 5 Mar 2008

Filed Under (Daily Forex Market Analysis) by Trader on 05-03-2008

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EUR/USD

We may expect some profit-taking today. We prefer to stay away from this pair for today. Both our short-term price targets for this pair, 1.5000 and 1.5200, have been reached. Next price target is at 1.5500.

GBP/USD

We prefer to stay away from this pair today. Currently we have no short-term price target for this pair as we are adopting a neutral view on it.

USD/CHF

We are staying away from this pair for today. The pair’s short-term price targets at 1.0800 and 1.0500 have been reached. The next price target is at 1.0300.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the previous day’s low, provided the global stock market is bearish and the prices are trendy. Our short-term price targets at 105.00 and 103.00 have been reached with next price target at 100.00, followed by 95.00.

EUR/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the 157.60 level, provided the global stock market is bearish and prices are trendy. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot, provided 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. We are looking to sell the pair as long as it remains below the PIPS Weekly Pivot, provided 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 - 4 Mar 2008

Filed Under (Daily Forex Market Analysis) by Trader on 05-03-2008

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EUR/USD

We may expect some profit-taking today. We prefer to stay away from this pair for today. Both our short-term price targets for this pair, 1.5000 and 1.5200, have been reached. Next price target is at 1.5500.

GBP/USD

We prefer to stay away from this pair today. Currently we have no short-term price target for this pair as we are adopting a neutral view on it.

USD/CHF

We are staying away from this pair for today. The pair’s short-term price targets at 1.0800 and 1.0500 have been reached. The next price target is at 1.0300.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish and provided the prices are trendy. Our short-term price target at 105.00 and 103.00 have been reached with next target at 100.00, followed by 95.00.

EUR/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish and the prices are trendy. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We are looking to sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot and provided the 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. We are looking to buy the pair as long as it remains above the PIPS Weekly Pivot, provided the 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 - 3 Mar 2008

Filed Under (Daily Forex Market Analysis) by Trader on 03-03-2008

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EUR/USD

We may expect some profit-taking today. Nevertheless, we are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot provided the prices are trendy. Both our short-term price targets for this pair, 1.5000 and 1.5200, have been reached. Next price target is at 1.5500.

GBP/USD

We are looking to buy the pair as long as it remains above the PIPS Weekly Pivot with a small profit target, and provided the prices are trendy. We are expecting the pair to continue to move upward riding on USD weakness.

USD/CHF

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot and provided that the prices are trendy. The pair’s short-term price targets at 1.0800 and 1.0500 have been reached. The next price target is at 1.0300.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish and provided that the prices are trendy. Our short-term price target at 105.00 has been reached with next target at 103.00, followed by 100.00.

EUR/JPY

We are staying away from this pair for today.

USD/CAD

We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot and provided that the 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. We are looking to sell the pair based on TNT signal as long as it remains below the PIPS Weekly Pivot. However, we may also buy the pair if it breaks above the PIPS Weekly Pivot, provided the 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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Top Forex Traders in Feb 2008

Filed Under (Top Forex Traders) by Trader on 02-03-2008

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Our traders have achieved a success rate of 77.2% for the month of February 2008, despite choppy waters during the Chinese New Year Period.

The TOP 5 Live Traders are as follows:
1. Derek Longman - 697 pips (Titanium Star)
2. David Chong - 630 pips (Titanium Star)
3. Ash Ariffin - 593 pips (Titanium Star)
4  Irene Rexlee - 352 pips (Platinum Star)
5. Thomas Chan - 225 pips (Gold Star)

The TOP 5 Demo Traders are as follows:
1. Michelle Teo - 624 pips (Titanium Star)
2. Ling Ling - 521 pips (Titanium Star)
3. Wendy Tan - 460 pips (Platinum Star)
4. Mary Lee - 406 pips (Platinum Star)
5. Wong Chong Hoo - 290 pips (Gold Star)

We congratulate all of the above traders for their profitable performance.

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Daily Forex Market Analysis - 29 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 01-03-2008

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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 and prices are trendy. Both our short-term price targets for this pair, 1.5000 and 1.5200, have been reached. Next price target is at 1.5500.

GBP/USD

We are looking to buy the pair as long as it remains above the 1.9806 level with small profit target, provided the prices are trendy. We are expecting the pair to continue to move upward riding on USD weakness.

USD/CHF

We are looking to sell the pair based on TNT signal as long as it remains below the 1.0680 level and prices are trendy. The pair’s short-term price targets at 1.0800 and 1.0500 have been reached. The next price target is at 1.0300.

USD/JPY

We are looking to sell the pair based on TNT signal as long as it remains below the 105.90 level, provided the global stock market is bearish and prices are trendy. Our short-term price target at 105.00 has been reached with next target at 103.00.

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 0.9821 level which is Thursday’s high 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 0.9365 level (Thursday’s low) 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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