Daily Forex Market Analysis - 18 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 once it has broken below 1.5822 (H1 50% Fib) with possible target profit at 1.5760, or buy the pair based on TNT (PIPS) signals as long as it remains above the PIPS Weekly Pivot with possible target profit at 1.5950. 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% Fib) 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% Fib) 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 below 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 buy the pair based on TNT (PIPS) signals once it has broken above the PIPS Weekly Pivot with possible target profit at 108.30, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once it has broken below 105.75 (H1 50.0% Fib) with possible target profit at 105.68, followed by 104.95, 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 167.99 (H1 61.8% Fib) with possible target profit at the PIPS Weekly Pivot, or sell it based on TNT (PIPS) signals once it has broken below 167.99 (H1 61.8% Fib) with possible target profit at 166.23. 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 1.0021 (H1 23.6% Fib) with possible target profit at the PIPS Weekly Pivot, or sell the pair once it has broken below 1.0021 (H1 23.6% Fib) with possible target profit at 0.9973. 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% Fib) with possible target profit at 0.9850, or sell it based on TNT (PIPS) signals once it has broken below 0.9705 (H1 38.2% Fib) with possible target profit at the PIPS Weekly Pivot. For both cases, prices must be trendy and not choppy.

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Comments:

Total 1 Comment posted Daily Forex Market Analysis - 18 Jul 2008

  1. It is a quite interesting post but quite difficult to understand for me -

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