Mar
28Daily Forex Market Analysis - 28 Mar 2008
Filed Under (Daily Forex Market Analysis) by Trader on 28-03-2008
Tagged Under : Forex Market Analysis, Market Commentary
EUR/USD
We are looking to buy the pair based on TNT signals as long as it remains above the 1.5710 level, provided prices are 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 2.0000 level, provided prices are 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 as long as it is below the PIPS Weekly Pivot, provided prices must be trendy and not choppy. The next price target is at 0.9500.
USD/JPY
We are looking to sell the pair based on TNT signals as long as it remains below the PIPS Weekly Pivot, provided the global stock market is bearish, 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 155.75 level, provided prices are trendy and not choppy, and vice versa. 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 as long as it remains 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.
