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

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European session rise is seen

Posted on November 10, 2008 at 11:14 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP dropped as expected during start of the early European session and now firming up to high as envisaged.The firming up to continue till start of US session to make wide range swings later.

Off late the players were doing the initial rise for week beginning day and then slide and slide during the day without any rise up to the high.Now they are making the wide range swings from high to low and again from low to high as intra day swing.They intend to induce traders to short during such wide range swings and then make one sided up move to trap them.They normally habituate the traders and then suddenly change the types of market moves and ranges to induce fear and uncertanities.

Regards

Dr.Sivaraman

7 Responses to “European session rise is seen”

on 10 Nov 2008 at 11:21 am1Ben

Dear Dr.

What do you think will happen to EUR-GBP pair ? Are they going to hold at these levels for some days, or it should fall to 0,79-80 zone again ?

Thank you
on 10 Nov 2008 at 11:30 am2Dr. S. Sivaraman

Dear Ben
EURO/GBP could breach 0.82 area and then slide to 0.80 area.
Regards
Dr.Sivaraman
on 10 Nov 2008 at 2:47 pm3Jason

Hi Dr

Thank you for all your posting which I find informative.

You mentioned that eur and gbp will rise from mid week. Where do you think it will go to ?

Can we buy the dips these few days ?

cheers
Jason
on 10 Nov 2008 at 4:48 pm4vinesh

Doc, EURO has fallen over 150pips since morning what do you make of that?
on 10 Nov 2008 at 6:06 pm5Dr. S. Sivaraman

Dear Jason
They have made the swings today between high and low and from tomorrow they will trap the short sellers and by mid week they could go above 1.30 in EURO and 1.63 area in GBP
Regards
Dr.Sivaraman
on 10 Nov 2008 at 6:10 pm6Dr. S. Sivaraman

Dear Vinesh
EURO has made a net change of 40 pips rise from Friday close now.No big fall- from high they dropped - this is how they make the moves and induce traders to develop fear.They will again rise towards close and tomorrow Japanese session- when traders expect range bound swings they cut the high and rise.
Regards
Dr.Sivaraman
on 10 Nov 2008 at 10:55 pm7sean

Dear Doc,

Looking at the 4hr charts their still undecided where their going Doc, over fundamentals are bearish but maybe we have seen the last of big drop on longer timeframes daily weekly,its a game of ducks and drake now that the big rate cuts have been done with usa to come in even more now they seem to buy on rumour and sell on news it like if everyone is having a each way bet ,

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