Apr
28Daily Forex Market Analysis - 28 Apr 2008
Filed Under (Daily Forex Market Analysis) by Trader on 28-04-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
We are looking to sell the pair based on TNT signals as long as it remains below 1.5710, provided prices are trendy and not choppy. We may also look to buy based on TNT signals if it breaks above 1.5710, provided prices are trendy and not choppy. The pair is seen undergoing a possible major downward retracement as it has broken the 1.5760 level on the Daily Chart. Next major support is at 1.5535 on the Daily Chart.
GBP/USD
We are looking to sell the pair based on TNT signals as long as it remains below 1.9890, provided prices are trendy and not choppy, otherwise we may look to buy once it breaks above 1.9890 level. We see a possibility for the pair to retest the 1.9400 level.
USD/CHF
We are looking to buy the pair based on TNT signals as long at it remains above 1.0300 (Last Friday’s Low), and vice versa, provided prices are trendy and not choppy.
USD/JPY
We are looking to buy the pair based on TNT signals as long as it remains above 103.90 (Last Friday’s Low), provided the global stock market is bullish, and vice versa. For both cases, prices must be trendy and not choppy.
EUR/JPY
We are looking to sell the pair based on TNT signals, as long as it remains below 163.80, provided prices are trendy and not choppy, and vice versa.
USD/CAD
We are staying away from this pair for today.
AUD/USD
We are looking to sell the pair based on TNT signals as long as it remains below 0.9375, provided prices are trendy and not choppy, and vice versa.


























