• Home ::
• Technical ::
• Market View ::
• Weekly Forex Signals and News

• Send
• Print
• Add To
• Rss

Weekly Forex Signals and News

bd86b462-be14-4be8-94f9-99b4c0a5270c

0

0

ForexSurvivor USDCHF, GBPCHF, & Bund Future Analysis

Mon, Aug 13 2007, 01:46 GMT
by Anthony Samaha

ForexSurvivor

Forex Department

USDCHF: SNB 50% repo rate on the increase (or probably 25%) by September. Rates have deep-seated CHF.

GBPUSD: Long Term Target at 2.25 hard to be achieved this quarter. Exit LT Trade.

A.        SNB has become more enthusiastic in firming CHF. We are approaching a rate of 50% increase by September and the currency (usdchf) started to price the repo rate. There is risk of 25% increase but in both cases CHF bottom is being deep-seated.

Intervention can not be ruled out and as fundamentals express the CHF behaviour in weeks to come, such occurrence will only allow the model of adding to the longs positions.

SNB has warned that weak CHF generates higher inflation, and usdchf lower lows are justified by fundamentals, but they are never there. It is apparent that the time for such lower lows is ticking fast.

            B.         Pound ForexSurvivor Long term Indicator is approaching a consolidation versus reversal point, and it is acquitting the bullish theme. We exited our Long term trade (on Monday 06 Aug as stated on NonySqueakNews  wire) and we have to linger till mid September to identify the new trend and its inauguration day. The achievement of 2.2500 is not probable this quarter, and pound may register vigorous weakness.

The probability of pound reaching 19850 is high, but not the right time to put the belongings in the bear farm as our system has identified a very futuristic hectic wave of at least sudden 180pips from both sides in the days ahead. You do want to stay away from pound unless you are receiving ForexSurvivor Signal. Feel free.

A.                 Previous Weekly Free Concrete 08pips trade: USDCAD Short 10427 or Long 10700 – neither entry was triggered. Keep the limit.

B.                 New Weekly Free Concrete 10pips trade: USDCHF Short 11725 or Long 12110.

Non-Forex Department

Does it worth believing the credit hullabaloo markets?

Fed Played Down Subprime Meltdown

As stated on my previous Newsletter, the plummet of the stock market is only August profit taking decision and not a subprime meltdown; Fed showed up confirming my memo when it downplayed the threat of subprime meltdown.

Equities are very much in positive territory and still have a long way to go. Not every correction is translated onto ‘weak US economy,’ at least till mid 2008. It takes more than few bankruptcies topics to burden a threatening impact on the US economy.  As once stated on the media, UAE have at least 40 major bankruptcies per week, and its economy dares showing no weakness.

Best tactic for August, go with the ups and go with the downs, either or both way(s) sufficient enough to produce 20 to 50pips. There is no stable current trend and August instruments shape more a consolidation rollercoaster – always back to the pivot, at least till investors return from vacation and school starts.

Worth cluing is revising my newsletter Bund tactical trade (20 Jul) – Accentuating Bund Resistances: to recap: ‘There is an attempt towards 11304 (38.2 Fibo) and 11350 daily TL, and those are seen as a bearish mode if they get the hit within one week.’

Market hits 11304 within one week (missed 11350 by 12pips) and signalled bearish 100pips allocation; I would like to know how many of you took the hit @ 11304? I believe very few and even non-existent traders because most of you are emotionally attached to what the media spread: you trusted the Subprime Meltdown and thought that ForexSurvivor Bund sell level indications (pointed ahead of the hullabaloo) are worthless. Well, 100pips is a great positive realization for not being missed next time no matter what recreational engagements are markedly absorbed.

A.        Previous Weekly Free Concrete 12 pips trade: Short FTSE 6237 Target 6225 (Target Met on 2007-08-06 12:08:29 GMT).

B.         New Weekly Free Concrete 12pips trade: Bund Future – Sell on Monday Today’s (Friday 10 Aug) closing (for 12pips only).

Anthony Samaha

Trading Engineer

*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***

Published on  Mon, Aug 13 2007, 01:45 GMT