Daily Forex Market Analysis - 17 Jul 2008

Filed Under (Daily Forex Market Analysis) by Trader on 19-07-2008

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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 1.5760, or buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at the psychological resistance 1.5900. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to sell it based on TNT (PIPS) signals once it has broken below 1.9961 (H1 38.2% Fibo) with possible target profit at the PIPS Weekly Pivot, or buy the pair based on TNT (PIPS) signals as long as it remains above 1.9961 (H1 38.2% Fibo) with possible target profit at 2.0150. For both cases, prices must be trendy and not choppy.

USD/CHF

We are looking to buy it based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0330, or sell the pair based on TNT (PIPS) signals as long as it remains the PIPS Weekly Pivot with possible target profit at 1.0100, or. 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 105.28 (H1 38.2%Fibo) with possible target profit at 103.75, provided the global stock market is bearish, or buy it based on TNT (PIPS) signals once it has broken above 105.28 (H1 38.2% Fibo) with possible target profit at the PIPS Weekly Pivot, 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 166.33 (H1 23.6% Fibo) with possible target profit at 165.31, or buy it based on TNT (PIPS) signals once it has broken above 166.33 (H1 23.6% Fibo) with possible target profit at 169.60. 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 1.0021 (H1 23.6% Fibo) with possible target profit at 0.9900, or buy the pair once it has broken above the PIPS Weekly Pivot with possible target profit at 1.0177 (H1 100% Fibo). 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 0.9705 (H1 38.2% Fibo) with possible target profit at 0.9850, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 0.9545. For both cases, prices must be trendy and not choppy.

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Comments:

Total 2 Comments posted Daily Forex Market Analysis - 17 Jul 2008

  1. I read similar article also named orex Market Analysis - 17 Jul 2008 at Dynamite TNT Forex Trading System, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

  2. Obviously this is a popular blog with great data so well done on your success and interesting topic it should be discussed. Did you totally agree with the top half of this? The rest was fine and informative. Ill check back soon for any added comments, thanks.

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