Just 3 days ago I reported here that our network of FX traders forexstreet.net reached new all-time highs
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.
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.
Added by Amachree Tamunonye Herbert on November 30, 2012 at 5:54pm — No Comments
EURUSD Uptrend by us fiscal Cliff Fears
Added by Naveed Anjum on November 30, 2012 at 2:47pm — No Comments
sideways indecision at the Median :…Continue
Added by Lisa on November 30, 2012 at 2:23pm — No Comments
Currently we are at 132.33 after taking out our 5th 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.…Continue
Added by Scott Barkley on November 30, 2012 at 2:17pm — No Comments
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…Continue
Added by Francesc Riverola on November 30, 2012 at 2:00pm — No Comments
Added by Lisa on November 30, 2012 at 1:05pm — No Comments
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…Continue
Added by Yohay Elam on November 30, 2012 at 11:06am — No Comments
Sell Rally @ 1.3030, T.P: 1.2971, SL:1.3040 Profit 58 pips
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."
Added by Francesc Riverola on November 30, 2012 at 9:31am — No Comments
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.…Continue
Added by Tomas Greiciunas on November 30, 2012 at 9:28am — No Comments
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…Continue