Feb
27Daily Forex Market Analysis - 27 Feb 2008
Filed Under (Daily Forex Market Analysis) by Trader on 27-02-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
We are looking to buy the pair based on TNT signal as long as it remains above the 1.4966 level. Our short-term price target for this pair is 1.5000 has been reached. Next price target is at 1.5200, followed by 1.5500.
GBP/USD
We are looking to buy the pair based on TNT signal as long as it remains above the 1.9806 level. There is now a strong possibility that the pair may attempt to undergo a bullish reversal.
USD/CHF
We are looking to sell the pair based on TNT signal as long as it remains below the 1.0825 level. The pair’s short-term price target at 1.0800 has been reached. The next price target is at 1.0500.
USD/JPY
We are looking to sell the pair based on TNT signal as long as it remains below the 107.45 level, provided the global stock market is bearish. Our short-term price target is at 105.00.
EUR/JPY
We are staying away from this pair for today.
USD/CAD
We are looking to sell the pair based on TNT signal provided it remains below the 0.9985 level and prices are trendy. 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 signal as long as it remains above the 0.9281 level (Monday’s high) and prices are trendy. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.
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