Daily Forex Market Analysis - 24 Jun 2008

Filed Under (Daily Forex Market Analysis) by Trader on 24-06-2008

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EUR/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above the 1.5436 level (H1 61.8% Fibo) with possible target profit at 1.5760, or sell the pair based on TNT (PIPS) signals once it has broken below 1.5436 (H1 61.8% Fibo) with possible target profit at 1.5390 followed by 1.5300. For both cases, prices must be trendy and not choppy.

GBP/USD

We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 1.9591 (H1 61.8% Fibo) with a possible profit target at 1.9820, or sell it based on TNT (PIPS) signals once it has broken below 1.9591 (H1 61.8% Fibo) with possible target profit at 1.9505. 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 1.0449 (H1 Fibo Level) with possible target profit at 1.0500, or sell it based on TNT (PIPS) signals once it has broken below 1.0449 (H1 61.8% Fibo) with possible target profit at the PIPS Weekly Pivot followed by 1.0329. 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 108.01 (H1 61.8% Fibo) with possible target profit at 109.00, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals as long as it remains below 108.01 (H1 61.8% Fibo) with possible target profit at the PIPS Weekly Pivot followed by 107.20, 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 once it has broken above the PIPS Weekly Pivot provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once the price has broken below the PIPS Weekly Pivot provided the global stock market is bearish with possible target profit at 166.58. 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 the PIPS Weekly Pivot with possible target profit at 1.0060 followed by 1.0005, or buy the pair when it breaks above the PIPS Weekly Pivot with possible target profit at 1.0225. 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 0.9600, or sell it based on TNT (PIPS) signals once it breaks below the PIPS Weekly Pivot with possible target profit at 0.9495 followed by 0.9450. For both cases, prices must be trendy and not choppy.

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