Sep
02Daily Forex Market Analysis - 2 Sept 2008
Filed Under (Daily Forex Market Analysis) by Trader on 02-09-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
Based on the Fib Levels drawn from Aug 28 high to Sep 1 low:
1. We are looking to sell the pair based on TNT (PIPS) signals below 1.4616 (23.6% Fib Level) with possible target profit at 1.4500, followed by 1.4450, or
2. We are looking to buy the pair based on TNT (PIPS) signals above 1.4616 (23.6% Fib Level) with possible target profit at the PIPS Weekly Pivot, followed by 1.4775.
For both cases, prices must be trendy and not choppy.
GBP/USD
Based on the Fib Levels drawn from Aug 27 high to Sep 1 low:
1. We are looking to sell the pair based on TNT (PIPS) signals below 1.8000 (23.6% Fib Level) with possible target profit at 1.7800, followed by 1.7750, or
2. We are looking to buy the pair based on TNT (PIPS) signals above 1.8000with possible target profit at 1.8167 followed by the PIPS Weekly Pivot.
For both cases, prices must be trendy and not choppy.
USD/CHF
Based on the Fib Levels drawn from Aug 21 low to Aug 26 high:
1. We are looking to buy the pair based on TNT (PIPS) signals above the PIPS Weekly Pivot with possible target profit at 1.1103, followed by 1.1200, or
2. We are looking to sell the pair based on TNT (PIPS) signals below the PIPS Weekly Pivot with possible target profit at 1.0935, followed by 1.0875.
For both cases, prices must be trendy and not choppy.
USD/JPY
Based on the Fib Levels drawn from Aug 25 high to Sep 1 low:
1. We are looking to buy the pair based on TNT (PIPS) signals above 108.24 (23.6% Fib) with possible target profit at the PIPS Week Pivot, followed by 109.75 and 110.50, provided the global stock market is bullish, or
2. We are looking to sell the pair based on TNT (PIPS) signals below 108.24 (23.6%) with possible target profit at 107.60, followed by 107.20, provided the global stock market is bearish.
For both cases, prices must be trendy and not choppy.
EUR/JPY
Based on the Fib Levels drawn from Aug 28 high to Sep 1 low:
1. We are looking to sell the pair based on TNT (PIPS) signals below 158.25 (23.6% Fib Level) with possible target profit at 157.00, followed by 156.00, or
2. We are looking to buy the pair based on TNT (PIPS) signals above 158.25 (23.6% Fib Level) with possible target profit at 159.50, followed by 160.00.
For both cases, prices must be trendy and not choppy.
USD/CAD
Based on the Fib Levels draw from Aug 28 low to Sep 1 high:
1. We are looking to buy the pair based on TNT (PIPS) signals above 1.0632 (23.6% Fib Level) with possible target profit at 1.0685, followed by 1.0741, or
2. We are looking to sell the pair based on TNT (PIPS) signals below 1.0632 (23.6% Fib Level) with possible target profit at the PIPS Weekly Pivot.
For both cases, prices must be trendy and not choppy.
AUD/USD
Based on the Fib Levels drawn from Aug 28 high to Sep 1 low:
1. We are looking to sell the pair based on TNT (PIPS) signals below 0.8520 (23.6% Fib Level) with possible target profit at 0.8400, followed by 0.8350, or
2. We are looking to buy the pair based on TNT (PIPS) signals above 0.8520 (23.6% Fib Level) with possible target profit at the PIPS Weekly Pivot.
For both cases, prices must be trendy and not choppy.


























