Daily Forex Market Analysis - 26 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 27-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.5640 with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5535 followed by 1.5390. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.9713 (H1 23.6% Fibo) with possible target profit at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.9605. For both cases, prices must be trendy and not choppy.

USD/CHF

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0160, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0499. For both cases, prices must be trendy and not choppy.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 109.00, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 107.20, provided the global stock market is bearish. For both cases, prices must be trendy and not choppy.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 168.32 (23.6% Fibo) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below 168.32 provided the global stock market is bearish with possible target profit at the PIPS Weekly Pivot. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.0105 with possible target profit at 1.0005, or buy the pair when it breaks above the PIPS Weekly Pivot with possible target profit at 1.0225. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 0.9560 with possible target profit at 0.9650, or sell it based on TNT (PIPS) signals once it breaks below the PIPS Weekly Pivot with possible target profit at 0.9400. For both cases, prices must be trendy and not choppy.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 25 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 27-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5390 followed by 1.5300. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with a possible profit target at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.9605. For both cases, prices must be trendy and not choppy.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.0500, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0329. For both cases, prices must be trendy and not choppy.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 109.00, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 107.20, provided the global stock market is bearish. For both cases, prices must be trendy and not choppy.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 167.72 (23.6% Fibo) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 166.70. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.0143 (H1 23.6% Fibo) possible target profit at 1.0060 followed by 1.0005, or buy the pair when it breaks above the PIPS Weekly Pivot with possible target profit at 1.0225. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 0.9523 (H1 23.6% Fibo) with possible target profit at 0.9600, or sell it based on TNT (PIPS) signals once it breaks below 0.9495 with possible target profit at 0.9400. For both cases, prices must be trendy and not choppy.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 24 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 24-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the 1.5436 level (H1 61.8% Fibo) with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below 1.5436 (H1 61.8% Fibo) with possible target profit at 1.5390 followed by 1.5300. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.9591 (H1 61.8% Fibo) with a possible profit target at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below 1.9591 (H1 61.8% Fibo) with possible target profit at 1.9505. For both cases, prices must be trendy and not choppy.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.0449 (H1 Fibo Level) with possible target profit at 1.0500, or sell it based on TNT (PIPS) signals once it has broken below 1.0449 (H1 61.8% Fibo) with possible target profit at the PIPS Weekly Pivot followed by 1.0329. For both cases, prices must be trendy and not choppy.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals once it has broken above 108.01 (H1 61.8% Fibo) with possible target profit at 109.00, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals as long as it remains below 108.01 (H1 61.8% Fibo) with possible target profit at the PIPS Weekly Pivot followed by 107.20, provided the global stock market is bearish. For both cases, prices must be trendy and not choppy.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 166.58. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0060 followed by 1.0005, or buy the pair when it breaks above the PIPS Weekly Pivot with possible target profit at 1.0225. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 0.9600, or sell it based on TNT (PIPS) signals once it breaks below the PIPS Weekly Pivot with possible target profit at 0.9495 followed by 0.9450. For both cases, prices must be trendy and not choppy.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 23 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 24-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5390. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with a possible profit target at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.9605. For both cases, prices must be trendy and not choppy.

USD/CHF

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0160, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0499. For both cases, prices must be trendy and not choppy.

USD/JPY

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 106.30 followed by 105.50, provided the global stock market is bearish, or buy it based on TNT (PIPS) signals when it beaks above the PIPS Weekly Pivot with possible target profit at 108.30 followed by 108.97, provided the global stock market is bullish. For both cases, prices must be trendy and not choppy.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 166.70. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0060 followed by 1.0005, or buy the pair when it breaks above the PIPS Weekly Pivot with possible target profit at 1.0225. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 0.9600, or sell it based on TNT (PIPS) signals once it breaks below the PIPS Weekly Pivot with possible target profit at 0.9495 followed by 0.9450. For both cases, prices must be trendy and not choppy.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 20 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 21-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5390. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.5535 and key support at 1.5390.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.9677 (H1 23.6%) with a possible profit target at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.9605. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.9820 and key support at 1.9670 followed by 1.9605.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the intra-day support at 1.0425 with possible target profit at 1.0500, or sell it based on TNT (PIPS) signals once it has broken below 1.0377 (H1 68.1%) possible target profit at 1.0300. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0499 and key support at 1.0300.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals once it as broken above 108.13 (H1 61.8%) with possible target profit at 108.97, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals if it fails to break above 108.00 with possible target profit at the PIPS Weekly Pivot, provided the global stock market is bearish. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 108.40 and key support at 106.30.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 167.10 (H1 38.2%) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 165.63. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.0152 (H1 23.6%) with possible target profit at 1.0005. We are currently avoiding buying this pair. Please ensure that prices must be trendy and not choppy before opening any positions.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 0.9472 (H1 23.6%) with possible target profit at 0.9570, or sell it based on TNT (PIPS) signals once it breaks below 0.9398 (H1 61.8%) with possible target profit at 0.9315. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 0.9570 and key support at 0.9315.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 19 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 21-06-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5390. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.5535 and key support at 1.5390.

GBP/USD

We are looking to sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with a possible profit target at 1.9410, or buy it based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.9820. For both cases, prices must be trend and not choppy. Watch out for key resistance at 1.9605 and key support at 1.9505.

USD/CHF

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0300, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0500. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0500 and key support at 1.0300.

USD/JPY

As currently the pair is moving within the range of 107.60 and 108.40, we shall avoid trading this pair for now unless we want to do range trading.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 167.10 (H1 38.2%) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 165.63. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.0215 (H1 38.2%) with possible target profit at 1.0005, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0290. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 0.9495, or sell it based on TNT (PIPS) signals once it breaks below 0.9380 (H1 61.8%) with possible target profit at 0.9315. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 0.9495 and key support at 0.9315.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 18 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 18-06-2008

Tagged Under : ,


EUR/USD

We are looking to sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.5390, followed by 1.5281, or buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5600. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.5535 and key support at 1.5390.

GBP/USD

We are looking to sell the pair based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with a possible profit target at 1.9410, or buy it based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.9820. For both cases, prices must be trend and not choppy. Watch out for key resistance at 1.9605 and key support at 1.9505.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.0575, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0300. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0574 and key support at 1.0300.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot provided the global stock market is bullish with possible target profit at 108.40, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 106.30. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 108.40 and key support at 106.30.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 166.98 (H1 38.2%) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 165.63. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.0216 (H1 38.2%) with possible target profit at 1.0005, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0290. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 0.9495, or sell it based on TNT (PIPS) signals once it breaks below 0.9374 (H1 61.8%) with possible target profit at 0.9315. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 0.9450 and key support at 0.9315.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 17 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 18-06-2008

Tagged Under : ,


EUR/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.5390, followed by 1.5281, or buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.5600. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.5535 and key support at 1.5390.

GBP/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.9649 (H1 61.8%) with possible target profit at the PIPS Weekly Pivot, or buy it based on TNT (PIPS) signals once it has broken above 1.9649 (H1 61.8%) with possible target profit at 1.9820. For both cases, prices must be trend and not choppy. Watch out for key resistance at 1.9670 and key support at 1.9605.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.0575, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0300. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0574 and key support at 1.0300.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot provided the global stock market is bullish with possible target profit at 108.40, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 106.30. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 108.40, followed by 105.50 and key support at 106.30.

EUR/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 166.88 (H1 38.2%) provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 106.30. For both cases, prices must be trendy and not choppy.

USD/CAD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.0005, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0350. For both cases, prices must be trendy and not choppy.

AUD/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 0.9315, followed by 0.9250, or buy it based on TNT (PIPS) signals once it breaks above the PIPS Weekly Pivot with possible target profit at 0.9500. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 0.9450 and key support at 0.9315.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Daily Forex Market Analysis - 16 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 18-06-2008

Tagged Under : ,


EUR/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.5281, or buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.5600. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.5390 and key support at 1.5281.

GBP/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 1.9400, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.9670. For both cases, prices must be trend and not choppy. Watch out for key resistance at 1.9670 and key support at 1.9400.

USD/CHF

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.0575, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0300. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0574 and key support at 1.0300.

USD/JPY

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot provided the global stock market is bullish with possible target profit at 108.40, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 106.30. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 108.40, followed by 105.50 and key support at 106.30.

EUR/JPY

We are avoiding this pair for today.

USD/CAD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.0350, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0200. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 1.0350 and key support at 1.0225.

AUD/USD

We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with possible target profit at 0.9315, followed by 0.9250, or buy it based on TNT (PIPS) signals once it breaks above the PIPS Weekly Pivot with possible target profit at 0.9500. For both cases, prices must be trendy and not choppy. Watch out for key resistance at 0.9450 and key support at 0.9315.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook