Jul
25Daily Forex Market Analysis - 25 Jul 2008
Filed Under (Daily Forex Market Analysis) by Trader on 25-07-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.5724 (H1 23.6% Fib) with possible target profit at 1.5619 followed by 1.5535, or buy the pair based on TNT (PIPS) signals once it has broken above 1.5724 (H1 23.6% Fib) with possible target profit at the PIPS Weekly Pivot. For both cases, prices must be trendy and not choppy.
GBP/USD
We are looking to sell the pair based on TNT (PIPS) signals as long as it remains below 1.9906 (H1 50% Fib) with possible target profit at 1.9800, or buy it based on TNT (PIPS) signals once it has broken above 1.9906 (H1 Fib 50%) with possible target profit at 1.9932. 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 1.0330 with possible target profit at 1.0500, or sell it based on TNT (PIPS) signals once it has broken below 1.0330 with possible target profit at the PIPS Weekly Pivot. For both cases, prices must be trendy and not choppy.
USD/JPY
We are looking to buy the pair based on TNT (PIPS) signals as long as it remains above 107.20 with possible target profit at 108.30, followed by 108.97, provided the global stock market is bullish, or sell it based on TNT (PIPS) signals once it has broken below 107.20 with possible target profit at the PIPS Weekly Pivot, 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 the PIPS Weekly Pivot with possible target profit at 169.95, or sell it based on TNT (PIPS) signals once it has broken below the PIPS Weekly Pivot with possible target profit at 167.48. 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 1.0120 (H1 23.6% Fib) with possible target profit at 1.0225, or sell the pair once it has broken 1.0120 (H1 23.6% Fib) 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 0.9610 (H1 23.6% Fib) with possible target profit at 0.9495, or buy it based on TNT (PIPS) signals once it has broken above 0.9610 (H1 23.6% Fib) with possible target profit at the PIPS Weekly Pivot. For both cases, prices must be trendy and not choppy.


























