Mar
27Daily Forex Market Analysis - 26 Mar 2008
Filed Under (Daily Forex Market Analysis) by Trader on 27-03-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
The pair looks toppish on the charts. We are looking to buy the pair based on TNT signals as long as it remains above the PIPS Weekly Pivot. However, if the pair breaks below the PIPS Weekly Pivot, we may look to sell the pair based on TNT signals. For both cases, prices must be trendy and not choppy. Our next price target is at 1.6000, followed by 1.6200 and 1.6500.
GBP/USD
We are looking to buy the pair based on TNT signals as long as it remains above the 1.9940 level, provided prices must be trendy and not choppy. We are presently reviewing our short-term price target.
USD/CHF
We are looking to sell the pair based on TNT signals once it breaks below the PIPS Weekly Pivot. However, if it fails to break below the PIPS Weekly Pivot, we may look to buy the pair based on TNT signals. For both cases, prices must be trendy and not choppy. The next price target is at 0.9500.
USD/JPY
We are looking to buy the pair based on TNT signals as long as it remains above the 99.75 level, provided the global stock market is bullish, and vice versa. For both cases, prices must be trendy and not choppy. Our short-term price targets at 100.00 and 98.00 have been reached. Our next price target is 95.00.
EUR/JPY
We are looking to buy the pair based on TNT signals as long as it remains above the 155.20 level, provided prices are trendy and not choppy. We are still reviewing the Short-Term Price Target for this pair.
USD/CAD
We are looking to sell the pair based on TNT signals once it breaks below the PIPS Weekly Pivot, provided prices are trendy and not choppy. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.
AUD/USD
We are looking to buy the pair based on TNT signals once it breaks above the 0.9165 level, provided prices are trendy and not choppy. Note that our short-term price target at 0.9400 has been reached. We now have 1.0000 as our long-term term price target.


























