Feb
21Daily Market Analysis - 21 Feb 2008
Filed Under (Daily Forex Market Analysis) by Trader on 21-02-2008
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 1.4695. However, we will also look to sell once it breaks below 1.4695 based on TNT signal. The short-term price target for this pair is 1.5000.
GBP/USD
We are looking to sell the pair based on TNT signal as long as it remains below the 1.9480 level. The pair may be re-testing its January low at 1.9336.
USD/CHF
We are looking to sell the pair based on TNT signal once it breaks below the PIPS Weekly Pivot. However, we may look to buy based on TNT signal as long as remains above the PIPS Weekly Pivot. 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.
EUR/JPY
We are staying away from this pair for today.
USD/CAD
We are staying away from this pair for now. Note that the medium-term price target for this pair is 0.9500, followed by 0.9000.
AUD/USD
We are staying away from this pair for today. Note that the medium-term price target for this pair is 0.9400, followed by 1.0000 as its long-term term price target.
