Operators' intentions read by 
EURO and GBP made the rise as expected in this week.Now the traders are bullish,but the players are holding high and booking profits in their positions.They make either way quick stop hunts -first to hit the stops of the short sellers and later hit the stops of the higher level buyers by making quick drops.Either way they are making money.They bought all the sellings of the traders by dropping the market last week with the sentiment after NFP data that no one wants to take risk - risk aversion drop in EURO and GBP.Now the players gained levels and create the feel - risk appetite and traders are willing to buy technically and fundamentally.But the players are making quick off loading of their longs.They withdraw the market support briefly and all the herd of traders could liquidate their higher level longs for week end in fear and later the players buy those sellings and induce traders to make technical and fundamental based shorts to rise quickly for week end and induce the short sellers to go in for short covering.Wild moves will prevail for week end.
Today’s expected moves - quick rise during Japanese session start and then drop.Quick rise during start of European session and then drop.Then quick drop during start of US session and then rise towards close of the session for week end.Either way swing trade opportunities will prevail.Alternate drop and rise may confuse or create uncertanity to traders ,but the players are wise to make lower level buys and higher level profit booking sells.
Regards
Dr.Sivaraman
hi doc, what is it with AUD! Are they building big positions when it drops so much, or is it just the nervous markets. Whenever it builds up some steam, it then drops again
Dear Tim
AUD cannot rise or fall similar to EURO or GBP as it is less traded and also the levels are in decimals when compare to above 1 in EURO or GBP.So the players have to frequently rise and drop to have a net gain of 100 pips every time when compared to 300-600 pips in EURO and GBP.So we will see this sort of wide range swings in AUD many times.It will again rise today during US session and from Monday.
Regards
Dr.Sivaraman
So, doc is it wise to say that EUR has bottomed and we wont see EUR at lower levels that we saw a few weeks ago? Has USD lost ground and is not going to be strong again?