Jul
08Daily Forex Market Analysis - 7 Jul 2008
Filed Under (Daily Forex Market Analysis) by Trader on 08-07-2008
Tagged Under : Forex Market Analysis, Market Commentary
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 1.5635, followed by 1.5535 and 1.5390, or buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.5768. For both cases, prices must be trendy and not choppy.
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 1,9755, followed by 1.9671 and 1.9605, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.9932. 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 1.0329, followed by 1.0499, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0160. For both cases, prices must be trendy and not choppy.
USD/JPY
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 105.82, provided the global stock market is bearish, or buy it based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 107.20, provided the global stock market is bullish. For both cases, prices must be trendy and not choppy.
EUR/JPY
We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below the PIPS Weekly Pivot with a possible price target at 165.02, or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 168.71. For both cases, prices must be trendy and not choppy.
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 1.0225, followed by 1.0270, or sell the pair once it has broken below the PIPS Weekly Pivot with possible target profit at 1.0060. 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 0.9665, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 0.9455. For both cases, prices must be trendy and not choppy.


























