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

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Expected moves for week end

Posted on March 13, 2009 at 6:02 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP broke the uncertanities and rised towards close during yesterday US session.They are expected to swing and slide from today’s Japanese session and early European session and then rise again during US session with upward spike from mid US session for week end close.Closing above today’s high by 100-150 pips is expected.

Now we can understand what the players have done when the market corrected during early this week when every one was talking about return of risk aversion.

From now on the risk aversion and risk appetite terms are to go away and new terms for the drop and rise are to be introduced in the market.But the market is expected to make only up and down moves as usual.This time onwards more rise and less drops are expected in EURO and GBP.

Regards

Dr.Sivaraman

10 Responses to “Expected moves for week end”

on 13 Mar 2009 at 10:18 am1RK

Now we have reached 150 above yesterday close,do you expect further rise later on.
on 13 Mar 2009 at 10:38 am2jason

Hi Dr

Thank you for your reply earlier on the usd chf.

Today the usd chf has tested the 1.1840 a few times but did not break down.

Do you still hold the view that there will be a drop back to 1.1550 ? How long will that likely to happen from now ?

Appreciate if you can share your opinion.

cheers
jason
on 13 Mar 2009 at 11:02 am3Gregor

Dear Dr.,

do you see AUD rising with EUR and GBP?
Can aussie outperform both european currencies in coming weeks?

Regards,
on 13 Mar 2009 at 2:21 pm4Dr. S. Sivaraman

Dear RK
there will be another rise from mid US session.They want the short sellers to do short covering during brief firming up move and then when they take long positions at higher level drop again to low to hit their stops and rise again big for week end.They are more focused on their earning rather than rising or dropping any currency pair.
Regards
Dr.Sivaraman
on 13 Mar 2009 at 2:22 pm5Dr. S. Sivaraman

Dear Jason
Now holding high USD/CHF they are trying to firm up EURO.Later they will rise more EURO and then drop USD/CHF more.
Regards
Dr.Sivaraman
on 13 Mar 2009 at 2:24 pm6Dr. S. Sivaraman

Dear Gregor
AUD will make wide range swings and gain slowly when compared with EURO or GBP.During upward trend reversal time they will rise and hit all the higher level stops.At that time the rise will be aggressive.That can happen during next month end.
Regards
Dr.Sivaraman
on 13 Mar 2009 at 2:30 pm7Arun kandal

Hi Dr Shivaraman

great prediction abt gbp ,is there chances of reversal for gbp 1.3600-1.3700 area again next week before we see a big rise.

Regards
Arun Kandal
on 13 Mar 2009 at 2:51 pm8jason

Hi Dr

Thank you for your astute comments yet again.

ONe more question.
In your opinion, should I hold the short and look to cover the usd chf at 1.1550 ? How likely is 1.1550 to reach and when will it be likley ?

cheers
jason
on 13 Mar 2009 at 2:58 pm9Dr. S. Sivaraman

dear Arun kandal

they can only make less drop and more rise moves in this month.So deeping levels may not be seen again.
Regards
Dr.Sivaraman
on 13 Mar 2009 at 3:00 pm10Dr. S. Sivaraman

Dear jason

You have to handle your trade with the understanding of the market.I cannot hold your hand until you close your position.try to develop the patience and look for profits.
Regards
Dr.Sivaraman

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