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

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European session drop and the rise is seen as expected

Posted on November 5, 2008 at 11:40 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the session start drop and now making the rise as expected by the forecast system.

They are expected to rise some more closer to high set for the day and then make a drop during gap time before US session and then continue the rise to go above high set for the day as part of wide range swings with less drop and more rise conditions.

USD/CAD is expected to make initial contrarian move and then to make usd weakening move during the day.

Regards

Dr.Sivaraman

2 Responses to “European session drop and the rise is seen as expected”

on 05 Nov 2008 at 4:47 pm1vinesh

Dear doc do you think we would be able to reach the previous high of 1.329 area in the next day or two before the intereset cut. What are your thoughts on the cut could we see this go down to previous lows and cute lows. what are you preparing for
on 05 Nov 2008 at 4:53 pm2Dr. S. Sivaraman

Dear Vinesh
I have given my tomorrow market expected moves and you can understand that further rise in EURO is expected.
Regards
Dr.Sivaraman

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