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.
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
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
Today is the last day of the week and of the month, also today there will be a vote for Greece's money in Germany. There will be no problems and Greece will recieve the new help soon, noone expects any surprises. But a high volatility may present the whole day. The top is limited by 1.3070 and the bottom by 1.2870. Currently we are almost in the middle of that range. Pay attention at any moment because if we reach 1.3030-50 a risk aversion may occur, taking the price back to 1.29 and…Continue
ASSALAMOLAEIKUM MY DEAR FELLOWS
dear one,s yesterday we had a bad experiance by euro because euro did not hit 1.2880
today i think euro market will move very…Continue
Markets had mix sentiments USD showing initial weakness with some retrace to follow. Expect USD to weaken
Outlook USD Weak
ECB President Draghi Speaks EUR 3:00 am EST…Continue
Added by Sardar Uddin on November 30, 2012 at 5:03am — No Comments
Recommendations: SHORT positions below 1.2985 with 1.2930 & 1.2880 as next targets.
Alternative scenario: The upside breakout of 1.3014 will open the way to 1.3040 & 1.3085..
Comment: As long as 1.3014 holds the pair is bearish, only a 30 min close above 1.3014 will reverse risk to the upside and target 1.3100…
Added by Haitham653 on November 29, 2012 at 5:03pm — No Comments
There are two basic type of human beings.
Both see an individual who is well educated, brimming with knowledge and confidence. He is professional, courteous, well respected and very successful.
One of those 2 human beings says - wow, look at him he is so good, what can I do to reach that kind of success and fame.
The second human being says - #%$@&^**, how did he achieve so much? I need to destroy him, bring him down to my level.
Recommendations: Long positions Above 1.5960 with 1.6140 & 1.6300 as next targets.
Alternative scenario: The downside breakout of 1.5880 will open the way to 1.5680 & 1.5415.
Comment:.As long as 1.5880 holds, the pair is bullish, a daily close below 1.5880 will reverse risk to the downside and target 1.5600/400 levels..…
I have explained the expected market moves for today (29th NOV) during my " Asian sesson: Live market analysis" webinar,For the benefit of those not attended the webinar I am giving below the expected market moves for today.
Swing and firm up moves during japanese session ( extended move for 2 hrs)
swing and quick rise move is expected during European session ( intentional move)
Swing and rise moves are expected during US session.
Dips are buy…Continue
Added by Dr. Sivaraman on November 29, 2012 at 8:09am — No Comments
Yestarday dollar firmed up against the EUR and GOLD both and GOLD dropped over 40 dollars for less than 4h,really a huge drop. For today the outlook is still gold negative with targets around 1700. EUR quickly has recovered the losses and closed the day at 1.2950. Next week we shall determine the final direction and is good to know that daily close below 1.2860 will signal a massive EUR sell. For now despite the 2 days of EUR sell indicators are still pointing a little upside. Rally will…Continue
BUYSTOPS @ 1.6038 SL 1.6012 TG 1.6051 -64-90-15-41
SELLSTOPS @ 1.5986 SL 1.6012 TG 1.5973-61-35-10
Added by Y.R.Gajjar on November 29, 2012 at 3:36am — No Comments
In my short (3 years) trading experience I have come across technical based traders who have said that they do not bother about news releases. I have always found that hard to believe and felt that it is perhaps 'politically correct' for them to say that.
Yesterday there was at least one post that suggested that going short on GBPUSD was a good trade. I checked my charts and indeed it was for a large profit target. Today the US new home sales data was disappointing. Until that news…Continue
Currently we are at 1.2887 after 5 waves to the upside. Looking for an a-b-c correction to finish and then a bounce to the target area at the resistance cluster (Resistance/R5) @ 1.3028-38. Bounce could be the .500 @ 1.2872 or the .618 Fibo @ 1.2840. The Average Trading range (ATR) is 78 pips.…Continue
Added by Scott Barkley on November 28, 2012 at 2:06pm — No Comments
EUR/USD got close to the long term downtrend resistance after the Greek deal was announced, but as the details remained unconvincing, the pair retreated. However, it didn't retreat too far, making this line very relevant. In the next possible encounter, will it continue falling or break down once again?…Continue
Added by Yohay Elam on November 28, 2012 at 10:43am — No Comments
On Monday 26th Nov when EURO was holding high GBP made the dip.yesterday Tuesday 27th Nov when GBP was holding EURO made the drop - these moves are done to rise and hit the stops of the short sellers in EURO/GBP initially and later drop and hit the stops of the higher level buyers.As explained the first 2 days of the last week of the month the players handled the crosses.they are expected to handel the majors from today 28th Nov.
being mid week,today the players are expected to make…Continue
EURO @ 1.2933 – Greek deal did not have lasting impact as market seem to have realized that in real terms no money has been spent so far, its all paper work that is taking place though they are suppose to get another funding of Euro 44 billion, it has also been blessed with 2-year grace period probably because record suggest that since 2010 it has been most disorganised country in terms of economic management, Greece has also failed to fulfill its commitment, but the problem faced by…Continue