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

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Lower level consolidation to lead firming up moves

Posted on March 4, 2009 at 9:29 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO made a recent low and GBP is holding and making swings near low to induce traders to get different feel.But the players have dropped Gold and rised USD/YEN silently.They intend to rise EURO and GBP also during US session.These are the expected moves and may vary when there is varation in the traders volume.Please use the blog only as an additional tool in your own analysis.

regards

Dr.Sivaraman

7 Responses to “Lower level consolidation to lead firming up moves”

on 04 Mar 2009 at 10:02 am1Francesco

Dear Dr. Sivaraman,

it’s always hard to make predictions, but I think that your comments are a perfect integration to traders’ own analysis, helping us to have a clearer view of the markets.

I feel that we are close to a bounce in equities, last time (about 3 weeks ago), it was a clear bear market bounce that led to new lows while many people were indeed calling a bottom.
Now everyone is expecting more lows, and I think that probably time for risk appetite is back.
This view would confirm that players tend to confuse the markets with their movements, and that making predictions is a tough job;in this picture I do appreciate your comments even more.

Concerning Forex, I am monitoring CAD.
Could it be a good timing to be back long on it?
on 04 Mar 2009 at 11:27 am2vinesh

Doc, how high in your opinion is UJ going to go
on 04 Mar 2009 at 12:58 pm3cris jonothan

Dear Dr. Sivaraman
EUR/USD remains offered throught todays session in spite of widespread risk taking as evidenced by the moves in stockmarkets (dow futres +1.5%, ftse +1.4 %, eurostoxx +1.5%), i traxx, oil higher 3 %. I think markets are treating today as a mere correction and coupled with tomorrows ecb meeting and rate decision are still looking to sell EUR/USD.
Whats your view sir? thank you
on 04 Mar 2009 at 1:45 pm4Dr. S. Sivaraman

Dear Francesco

USD/CAD and USD/YEN are expected to make less drop and more rise moves as per my forecast expectations.
Regards
Dr.Sivaraman
on 04 Mar 2009 at 1:46 pm5Dr. S. Sivaraman

Dear vinesh
immediate high 103 and then 117 and 123 are expected in USD/YEN down the line.
Regards
Dr.Sivaraman
on 04 Mar 2009 at 1:49 pm6Dr. S. Sivaraman

Dear cris jonothan
Today may appear as correction day.Tomorrow we will know that the players know the decisions before hand and they act accordingly.Only traders wait for the surprises every time.
Regards
Dr.Sivaraman
on 04 Mar 2009 at 2:07 pm7cris jonothan

thank you, i apreciate your view.

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