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

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Last month of the year -expected FX market moves….

Posted on December 1, 2008 at 7:47 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

New month - the last month of the year 2008,the Forex market is expected to make the year end moves.The market moves during Year beginninbg and year ends are expected to be wild.yester year charts and price actions could be referred to understand the same. So trading during this time needs very effective trading system using stop or hedging order or trailing stop to limit the risk and maximize the profit.Because sudden up and down moves could be seen without even there are any trigger times like data release etc.

Today EURO and GBP are expected to dip during start of the day and then slowly recover during late Japanese session and  early European session.From mid European session they are expected to rise quickly and open high during start of US sesson and after a quick drop to hit trailing stops of breakout traders expected to rise further till close of the session.Upward gap opening is expected during start of Japanese session tomorrow and rise quickly further up during mid and late Japanese session.

I will give the expected market moves of tomorrow European  and US session and day after tomorrow Japanese session by tomorrow.I plan to give the calls of the  expected moves like this as they are expected to make big upward and downward gap openings during this month.

Regards

Dr.Sivaraman 

 

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