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


























