ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(30 Jan Asia) Latest Impact: AUDNZD Crisis, Recovered!
A sell-off of NZDs accelerated in late trading sessions; It has been a rocky period for financial stocks, which have followed a jerky trajectory from steep losses to record rallies and back affecting the dollar move towards its currencies commodities (aud, nzd, cad). AUDNZD has recovered its entire crisis course allowing a U-turn on the daily charts and approaching back 13000. (Will that crisis recovery imply on other currencies? Yes….When? in 2009)
A close above 13000 allows a large breakout where NZD to under-perform albeit slowly, because main commodity channel – Gold – is taking an upbeat trend that will register an unprecedented price soon near $1200, which in turn affects the underperformance of NZD to U-turn.
It is a long process and only selecting the appropriate time becomes a sophisticated technique as RBNZ slashed its rate yesterday.
Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.
Weekly Signal Résumé
GBPJPY closed breakeve (although 220pips have been made) as the rally did not last
15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).
2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.
Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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