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Hi every one:

My “market reading “blog is being shifted to www.fxstreet.net You can login and view today’s post .

I have explained there the expected market moves for month end.I have also given the links for ” Tracking the forex market together” webinars to be given today 09:00 and 14;00 GMT.

I willexplain how the charts can also be used for market reading .

the links for ” my Trading system may also be moved to my blog in www.fxstreet.net the social network for larger interactions between the users and the analysts.

the link for the new blog page is given below:

http://www.forexstreet.net/profiles/blogs/month-end-expected-market?xg_source=activity

Regards

Dr.sivaraman

After FOMC yesterday EURO and GBP did not drop instead gained opposite of the expectations.before japanese session during the gap time quick gains were seen in EURO ,GBP and AUD and they are making slow slides towards close of Japanese session and early european session.They are expected to firm up towards close of European session to make further fall during US session.

When numerator currencies gain quickly the denominator currencies have not fallen much indicating the players are doing pump and dump moves in numerator currencies .that could set the downward trending move from second week of May.

Volatile moves are to stay for another expected to be seen till end of next week.trade with care during such quick moves as we know the quick moves are false moves made by the players to create sentiment and act against traders.

Regards

Dr.Sivaraman

Now the US session has started.EURO and GBP are holding the gains.USD/CHF and USD/YEN are also holding the gains - the majors are showing position net change.Commodity pairs - USD/CAD is flat and AUD is showing nominal positive net change and still not breached the high set during japanese session.same is with EURO.

Before FOMC they are expected to make an upward false move in EURO and AUD and stop hunt  or extended stop hunt in GBP and then reverse and drop  after some volatile moves .

Till next week they are expected to make such volatile moves and drop as trending move only from second week of may.So the next  volatile moves could be seen during next week for BOE and ECB rate decision time and also NFP data release time.

Regards

Dr.sivaraman

EURO and AUD are making gains to create more bullish feel before the prime data releases expected for the day -08:30 GMT -UK GDP and 16:30 GMT - US FOMC rate decision and statement.The bullish feel may prevail till FOMC and after some volatile moves USD may emerge as a gainer for the day.

During Japanese session swing and slide moves are expected.Early European session may get a trigger for GBP to rise to create more bullish fell and higher level swings and firming up may be seen till close of European session.US session may start with some quick volatile moves before FOMC rate release time.later some swing and quick drops may be seen to initiate the trend reversal move.

Denominator currencies after Japanese session downward stop hunt may gain during the day.

Regards

Dr.Sivaraman

EURO and GBP are expected to make volatile moves for today.

During Japanese session they are expected to swing and slide to gain quickly during early European session.Slow slide is expected during late european session to rise again during US session with some swings.

Denominator currencies are expected dip and rise during the day.

GBP could rise to create bullish feel when EURO makes higher level consolidation and upward stop hunt moves to swing and slide euro/gbp.Extended stop hunt may be seen in GBP before the reversal expected during the last week of the month or first week of the next month.Then the trend could be set from second week of May.

Regards

Dr.Sivaraman

Silver and gold made very quick rise during japanses and European session as if they are not going to be available for any one to buy ( extended stop hunt 0 and now reversed in a big way on the same day suing some excuse ( good US data).In the sequentual trend reversal commodity pairs are expected to reverse first.then the YEN crosses,majors and finally European crosses- the current trend in them is expected to show opposite trend suddenly showing some excuse.they are expected to breach  of different levels .

Regards

Dr.Sivaraman

It is last week of the month of April.

Normally last week of the month and first week of the new month, the market is expected to show big volatile moves.

The derived forecast from algorithm expects first 3 days of quick rise followed by extended stop hunt and quick drop as reversal move to bring in sudden change in the market sentiment.keep in mind quick moves are false moves in the market.

Expected market moves for today:

Japanese session open high ,swing and slide.

European session a quick drop and rise moves are expected.

US session is expected to show swing and rise moves for the day.

Till now the slide has not happened may be due to the holiday mood and thin volume condition.Only when quick extended moves or extended stop hunt happens try to take counter positions and keep stop at entry to limit the risk of trading during trend reversal time.if the equity is small then try to avoid taking position during trend reversal time.

Regards

Dr.Sivaraman

EURO and GBP are making higher level consolidation and upward stop hunt moves before the holidays to start.This sort of moves indicate trend reversal might commence soon.

Expected market moves for today

japanese session open high swing and slide moves may be seen

European session may show  an initial  drop and rise moves

US session may show swing and rise move to induce short covering before the holidays from tomorrow.

Position traders may build sell positions at regular intervals of 75pips.GBP may gain more during this time to create bullish feel among traders when the players book profit with their long positions and build sell positions during this time frame.

Regards

Dr.Sivaraman

Players appears building reverse positions - ie buying USD when it is very weak ahead of easter holidays.

They may make further upward squeeze tomorrow and then mostly make wide range consilidation and upward stop hunts and most likely to slide other majors from end of this month.I will confirm the reversal time as much as possible to help traders who follow my market analysis and forecast.position traders may part by part build reversal trades in EURO.GBP may gain some more before reverse.That way quick rise in GBP may be used to create bullish market feel and later the players could quickly drop.

Use trading strategy of  hedging if one wants to do buy and sell trades in EURO and GBP and try to keep stop at entry once profit is seen.

Normally the players lighten their positions before going for easter holidays as the market volume may drop there after.trade carefully understanding the intentions of the players.

Regards

Dr,Sivaraman