Daily Forex Market Analysis - 2 Apr 2008

Filed Under (Daily Forex Market Analysis) by Trader on 03-04-2008

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EUR/USD

We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided prices are trendy and not choppy. The pair is seen undergoing a major downward retracement. Our next price target for the major trend is at 1.6000, followed by 1.6200 and 1.6500.

GBP/USD

We are looking to sell the pair based on TNT signals as long as it remains below the 1.9805 level, provided prices are trendy and not choppy. We see a possibility for the pair to return to test the 1.9400 level.

USD/CHF

We are looking to buy the pair based on TNT signals as long as it remains above the 1.0050 level, provided prices are trendy and not choppy. The pair is seen undergoing a major upward retracement. The next price target for the major trend is at 0.9500.

USD/JPY

We are looking to buy the pair based on TNT signals as long as it remains above the 101.40 level, provided the global stock market is bullish, and vice versa. For both cases, prices must be trendy and not choppy. Our short-term price targets for the major trend is 95.00.

EUR/JPY

We are looking to buy the pair based on TNT signals as long as it remains above the 157.60 level. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We may attempt to buy the pair based on TNT signals as long as it remains above the PIPS Weekly Pivot. We are in the process of reviewing the short-term price target.

AUD/USD

We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided prices are trendy and not choppy. Note that our short-term price target for the major trend 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 - 1 Apr 2008

Filed Under (Daily Forex Market Analysis) by Trader on 01-04-2008

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EUR/USD

We are looking to buy the pair based on TNT signals as long as it remains above the 1.5710 level, provided prices are trendy and not choppy. However, we will not hesitate to sell if it breaks below the PIPS Weekly Pivot. Our next price target is at 1.6000, followed by 1.6200 and 1.6500.

GBP/USD

We are looking to sell the pair based on TNT signals as long as it remains below the 19890 level, provided prices are trendy and not choppy. We see a possibility for the pair to return to test the 1.9400 level.

USD/CHF

We are looking to sell the pair based on TNT signals as long as it remains below the previous day’s high, provided prices are trendy and not choppy. The next price target is at 0.9500.

USD/JPY

We are looking to sell the pair based on TNT signals once it has broken below the PIPS Weekly Pivot, provided the global stock market is bearish, and vice versa. For both cases, prices must be trendy and not choppy. Our short-term price targets at 100.00 and 98.00 have been reached. Our next price target is 95.00.

EUR/JPY

We are avoiding this pair for today. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We may attempt to buy the pair based on TNT signals with an ultimate target level placed at 1.0350. We are in the process of reviewing the short-term price target.

AUD/USD

We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided prices are 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.

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Daily Forex Market Analysis - 31 Mar 2008

Filed Under (Daily Forex Market Analysis) by Trader on 01-04-2008

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EUR/USD

We are looking to buy the pair based on TNT signals as long as it remains above the PIPS Weekly Pivot, provided prices are trendy and not choppy, and vice versa. Our next price target is at 1.6000, followed by 1.6200 and 1.6500.

GBP/USD

We are looking to sell the pair based on TNT signals once it breaks below the PIPS Weekly Pivot, provided prices are trendy and not choppy. We are presently reviewing our short-term price target.

USD/CHF

We are looking to sell the pair based on TNT signals as long as it is below the PIPS Weekly Pivot, provided prices must be trendy and not choppy. The next price target is at 0.9500.

USD/JPY

We are looking to sell the pair based on TNT signals once it has broken below the PIPS Weekly Pivot, provided the global stock market is bearish, and vice versa. For both cases, prices must be trendy and not choppy. Our short-term price targets at 100.00 and 98.00 have been reached. Our next price target is 95.00.

EUR/JPY

We are looking to buy the pair based on TNT signals as long as it remains above the PIPS Weekly Pivot, provided prices are trendy and not choppy, and vice versa. We are still reviewing the Short-Term Price Target for this pair.

USD/CAD

We are currently staying away from this currency pair. 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 signals as long as it remains above the PIPS Weekly Pivot, provided prices are trendy and not choppy, and vice versa. 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.

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