ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(06 Feb US) Latest Impact: A lot of commotion, but Gold to $1200?
Gold wave is working a weekly top trendline and a close above $900 should factor most probably in Q2 the $1200 an ounce.
When everything is plummeting in a hurry, Gold is soaring and investors are rushing their money onto gold because of the lack of confidence in many other assets that are going up in smoke. The uptrend is not strong for a rally and there are serious bumps in front of that ride.
Technically speaking, the market breached the top weekly trendline, which may presume a rally to 967 before a probability of false break appears. Holders of Long should be protected @ 850.
ForexSurvivor Weekly Weekend Newsletter: After Davos meetings and the election of Obama, the Long Term for waving euro has been classified as ‘downing,’ and in general what was Bushonomics (Trend UP) for years would be countered by Obamonomics (Trend Down).
A relevant companionship to EURUSD is the price of … (please check its link on the main page for full reading)
Have a nice weekend
Anthony Samaha
Weekly Signal Résumé
Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.
(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level.
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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