Commodities Currencies and their Top Superfluous Stubbornness.

Why the market is lost in Commodities Behaviours?

Commodities currencies week it was. AUD & NZD are stubbornly heading back to tops where the market rejected twice at least. NZD Fibo 0.7135 should be an aggressively sell level, but I am not convinced with this bearish approach yet, especially after visiting back the tops, as 10 year NZD and US rates continues to remain supportive for NZDUSD and is preventing the meltdown that I am calling for. AUD consolidation this week at the high implies that a visit towards 8200 is in the offing.


Adrenalin effects on Equities have spurred their ups in a rapid manner. All in all, when DOW screened falsely on the screen and caused manoeuvrings damages to other equities, bold correction is to take place. Thus, equities will keep up trending for now, with slight high afterwards, before a vicious tumble again by mid April the most.


Pound is in exciting mood of ‘chopping,’ and still has few days of trimming between 19777 and 19450, before heading to 2.010. Although commodities currencies (AUD) are to price expensively in the days ahead, GBPAUD is seen to work against commodities will where 5 figures are noted to be formed in an upward channel.


Euro Long term analysis is in the formation of peaking. And peaking does not mean one figure or two. Be careful Long term Clients, lots of frustrations about Euro analysis will take the lead in the days ahead.

Although this week’s FOMC was superfluously dollar supportive, all levels above 13333 are misconstrued, & we will leave in fantasy world if euro pricing reaches 14300.


I still want the dollar to change hand at €13025/60.


Oldies Kryptonite


Tread Carefully: GBPCHF: 24100 should be temporary holding the ups where an avowed exit is intent. The market narrowed its wave to 23900 which should be corrected to 24100. This Week: after reaching low of 23400, the pair levelled up back to 23900, where GBP should still have to exchange hand at 24100 CHF.

Bi-monthly trade – Mission Completed: SHORT 15558 targeting 15503

EURCAD records my target at 15503 and as the currency spread is over 9 pips, position was not closed, and I have no intention to close it manually. As such, trade is still open. This Week: The market triggered the target un-manually as expected, thus achieving 55 pips, and the bi-monthly family trades are growing lucratively.


Anthony Samaha
Trading Engineer

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

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