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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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Week beginning expected moves…

Posted on October 20, 2008 at 5:40 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are expected to make volatile moves and firm up for week beginning.

Early Japanese session a rise and then slide towards close of late Japanese session and then a dip and rise from Early European session and quick rise during late European session are the expected moves.Later during start of the US session a quick downward move and then more rise then the drop towards close of US session could be seen.These are the expected types of swings during the day.They may vary,so use other factors also in your\market studies and then take trading decisions.

Last week 2 days of rise and 2 days of correction and holding near the middle level was seen as weekly move.This week rise and drop are expected to be on alternate days and in the process EURO and GBP are expected to gain slowly the levels.

Regards

Dr.Sivaraman

3 Responses to “Week beginning expected moves…”

on 20 Oct 2008 at 8:05 am1Jose

so basically, it will go up and down!

or wait…. maybe down and up ??? hahaha
on 20 Oct 2008 at 12:22 pm2pepe

Doc

“…then a dip and rise from Early European session and quick rise during late European session are the expected moves”
Am I watching a different EURUSD or exactly the opposite happened??
on 20 Oct 2008 at 12:44 pm3Dr. S. Sivaraman

Dear pepe
Hence I have given an update to earlier post,that the rise is not happening from mid European saession as expected.EURO is holding and GBP making quick drop along with USD/YEN is contrarian move to drop EURO/GBP and GBP/YEN.I think after collecting the stops they could rise again EURO and GBP as they are not cutting the lows in all
Regards
Dr.Sivaraman

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