Jul
01Daily Forex Market Analysis - 1 Jul 2008
Filed Under (Daily Forex Market Analysis) by Trader on 01-07-2008
Tagged Under : Forex Market Analysis, Market Commentary
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 1.5850, 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. For both cases, prices must be trendy and not choppy. Do watch out for the resistance at 1.5760.
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 possible target profit at 2.000, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 1.9820. 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 1.0100, 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 105.00, provided the global stock market is bearish, or buy it based on TNT (PIPS) signals once it has broken 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 buy the pair based on TNT (PIPS) signals as long as it remains above 167.09 (H1 61.8% Fibo) with a possible price target at the PIPS Weekly Pivot, or sell it based on TNT (PIPS) signals once the price has broken below 167.09 with possible target profit at 166.00. For both cases, prices must be trendy and not choppy.
USD/CAD
We are looking to buy the pair based on TNT (PIPS) signals once it has broken above 1.0201 (H1 61.8% Fibo) with possible target profit at 1.0270, or sell the pair as long as it remains below 1.0201 (H1 61.8%) with possible target profit at the PIPS Weekly Pivot. 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 0.9455 (H1 61.8% Fibo), or buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 0.9660. For both cases, prices must be trendy and not choppy.



























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