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Weekly Forex Signals and News
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Valerian has been Urged for Yen crosses
Mon, Nov 19 2007, 06:37 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.Valerian has been Urged for Yen crosses
100pips a day has no more meaning anymore…
I was looking at the right monograph that describes best the Mon-Tue- Wed murky Yen crosses that is beyond my major knowledge, Valerian proved to be the right idiosyncrasy medicinal for such lurk moves. Valerian is a tallish plant blooming June to July (isn’t it when we had the start of the crunching market?) is used for hysteria, panic attacks, emotional stress, etc... Those are some of the properties that fit best yen-crosses fuzzy manner for this week. GBPJPY captioned almost winkingly 1300pips to recover 750pips at the beginning of the week; notwithstanding, it was the right moment when I warned ahead of time about hefty price action of trading 500pips a day to balance almost 100pips and to strategize your account accordingly. Why such powerful price yen action? Everything being expensive and for further rise, from agriculture products, transportation, gold, crude oil and the list of etc…why not the Yen move becoming spacey to afford interest rate BOE support maintenance? Be careful, high volatility increases towards year end along with low volume and more Valerian should be media-worldwide launched for yen market’s topsy-turvy actions.
For the sake of my analysis, I am not promoting any pharmaceutical drug (Valerian), warning I have clarified!
USDCAD is reacting well in a consolidation phase lately, after long lashing drop. Such consolidation needs weeks to get over, and any dip is a buy where a sell should be preventable. Final dip is when Crude Oil hits the $100/bl or when it hits ForexSurvivor Long Term target@ $106.5 where usdcad might register 8500 by year end to mid February 2008 with a slow pace!
Non-Forex Department
EQUITIES bearishness is not a bear trend for year end!
No changes in the view from previous week:
(09 Nov Newsletter) What happened this week was predetermined and was launched on NonySqueakNews ahead of the decay that Equities to tumble as almost double top formation has been lined upwards. The knee-jerk in equities will unwind completely once trendlines are broken to navigate a surge towards new top to close 2007 books. Notwithstanding, It is time to move away from upward resilience of Gold & Crude Oil as their pricing clouts will register erratic & uncontrollable swings, and will eliminate upward trending lines.
Anthony Samaha
Trading Engineer
*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***
Published on Mon, Nov 19 2007, 06:38 GMT
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