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Just 3 days ago I reported here that our network of FX traders forexstreet.net reached new all-time highs

Forexstreet.net Reaches 2,290 Unique Visitors, a New All-Time High

Well, yesterday Thursday 29th those highs were history already.... New highs are now at 2,456 unique visitors, 14,437 page views and 4,276 visits.

Just outstanding…

Expect a massive correction in price from its current position down to 1.2830 area where the 100 daily SMA offers support.Following the five-wave movement upwards, we usually expect a 3-wave correction downwards. Also with bad news from Europe today,traders are likely to avert risks by being bearish throughout next week.

EURUSD

EURUSD Uptrend by us fiscal Cliff Fears

sideways indecision at the Median :…

Currently we are at 132.33 after taking out our 5^th Wave R4 target @ 132.83.   The target area is the 1.270 Fibonacci extension @ 132.81.  The big target is the resistance@ 133.75.   The average daily trading range (ATR) is 110 pips.…

As you have noticed, I recently stopped to publish news about the Retail Forex industry as Michael Greenberg at Forex Magnates was doing it too... and to tell you the truth, he was doing it much better :)

Anyway, from time to time I will make an exception to my new policy of just talking about FXstreet and I will publish here news about others that I consider relevant.

Today I am very happy to share with you the success…

EUR/USD H4

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So, that was 2012!

What did we learn? Well, as far as I am concerned, I learned that gravity doesn’t exist! What is holding the Euro up? I have now idea.

It seems that with Greece having secured a further bailout, all in the garden is rosy. The Euro is trading up above 1.30 (as I write) and making multi month highs against an ailing JPY. There is something of a paradox here. Of the two major safe haven currencies, the JPY is weaker as their economy struggles and further QE is…

Sell Rally @ 1.3030, T.P: 1.2971, SL:1.3040 Profit 58 pips

EUR/JPY Weekly

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UBS - "EURUSD Momentum is rising, there is potential for more upside and a break above 1.3023 would expose 1.3140/72. Support lies at 1.2939 ahead of 1.2880.
GBPUSD Resistance is at 1.6069, a closing break above would be an important bullish development, opening 1.6126. Support lies at 1.6002 ahead of 1.5962."

Yesterday we saw quite bumpy movements in the EUR/USD pair front line. After reaching 1.3014 high it fell to 1.2945 low. The reason for this reversal was partly due to a big upward revision on U.S. 3Q GDP and better than expected home sales in October. Besides, there were too many pending sell orders just above the 1.3000 line that simply could not be ignored.…

Dear All

Now for the month end and week end time visible gains are seen in EURO,GBP,USD/YEN.AUD and USD cad are showing USD gaining moves.A contrarian move to handle the crosses.So after handling the crosses they came to majors and now  making extreme moves in crosses to hit the stops - acted against the market sentiment.From late european session they are expected to make extreme moves in majors for the month end.

We have seen during japanese session swing and firm up moves in…