Daily Market Analysis - 19 Feb 2008

Filed Under (Daily Forex Market Analysis) by Trader on 19-02-2008

Tagged Under : ,


EUR/USD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 1.4634. However, in the event the pair breaks below the PIPS Weekly Pivot, we may look to sell. Note that the 4-Hourly Stochastic is rising. Our short-term price target for this pair is 1.5000.

GBP/USD

We are looking to sell based on TNT signal provided the pair remains below the PIPS Weekly Pivot at 1.9574. The pair may be re-testing its January low at 1.9336. Do be careful of the 1.9400 level.

USD/CHF

We are looking to buy the pair based on TNT signal if it is able to remain above the 1.1020 level. In the event the pair breaks below the PIPS Weekly Pivot, we may look to sell based on TNT signal. The pair’s short-term price target is at 1.0800, followed by 1.0500.

USD/JPY

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot at 107.63, provided the global stock market is bullish, and vice versa.

EUR/JPY

We are looking to buy the pair based on TNT signal as long as it remains above 157.60, provided the global stock market is bullish.

USD/CAD

We are looking to buy the pair based on TNT signal as long as it remains above the PIPS Weekly Pivot. The 4-Hourly Stochastic is seen going to cross upward. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.

AUD/USD

We are still looking to buy the pair based on TNT signal as long as it remains above the 0.9071 level. The medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • De.lirio.us
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb
  • co.mments
  • e-mail
  • Furl
  • Live
  • Simpy
  • SphereIt
  • Spurl
  • blinkbits
  • BlinkList
  • PlugIM

Related Posts

 

Leave a Reply