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EURO and GBP are expected to make swing moves for week beginning

Posted on March 16, 2009 at 5:51 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are expected to make swing moves for today before further rise expected from tomorrow onwards.

Japanese session is expected to show the narrow eange swings and quick rise expected from Earkly European session.Then a quick drop for European session close and early US session and then rise to high are the expected moves for today.

Tomorrow, today’s high could act as low or support.Dips near low are buy opportunities in EURO and GBP.USD/YEN is expected to rise above high as contrarian move to be followed by EURO and GBP rise.

Regards

Dr.Sivaraman

10 Responses to “EURO and GBP are expected to make swing moves for week beginning”

on 16 Mar 2009 at 7:23 am1Fred

Hey Doc,

Markets can be tough at times, just wanted to say thanks for your analysis and daily postings. Your predictions coupled with my trading methodology have increased me returns.

Cheers,

Fred
on 16 Mar 2009 at 7:42 am2Francesco

Good day Mr. Sivaraman,

sorry to ask you again about the AUDUSD pair, but I am still long with profit and tomorrow there are news from M+A bank that could move the market.
Could you update me about your view?
I remember you were expecting swings with less rises than the Euro against other currencies.

Thank you for your comments
on 16 Mar 2009 at 7:45 am3Aravind

Dear Doc

want to check your view on usd/cad? after the break above 1.30, it has now come down to 1.27. is this a good opportunity to buy usd/cad?
on 16 Mar 2009 at 10:49 am4Dr. S. Sivaraman

Dear Fred
market = uncertanities and surprises.it may appear tough to give calls.But if we read the intentions of the players well,then we can develop the forecast easily for intra-day trades.Glad to know you are also using your own analysis to take trading decisions.
Regards
Dr.Sivaraman
on 16 Mar 2009 at 10:54 am5Dr. S. Sivaraman

Dear Francesco
try to keep the stop 75 pips away from the market and traial during rise in AUD.That way you can maximize the profit.
Regards
Dr.Sivaraman
on 16 Mar 2009 at 11:22 am6Dr. S. Sivaraman

Dear Aravind
USD/CAD is expected to make similar moves like USD/YEN tis time.less drop and more rise moves.
Regards
Dr.Sivaraman
on 16 Mar 2009 at 1:09 pm7Barry

Dear Dr.
Your comments of less drop and more rise on usd/cad is a bit vague for intra-day trading. A certain time frame or level should be outlined to give such a comment. I understand that you argue that it is a contrarian move but it would be a bad choice to long usd/cad from last week. Of course , you are not obligated to do so.
Regards.
Barry
on 16 Mar 2009 at 2:19 pm8Dr. S. Sivaraman

Dear Barry
I suggested to do buy and sell trades in USD/CAD when the quick drop happens then buy and book profit near high set for the day.trading decision has to be the choice of the trader and cannot be induced by me.I am here to give only my views on the market.
Regards
Dr.Sivaraman
on 16 Mar 2009 at 2:20 pm9Francesco

Thank you Mr. Sivaraman,

I thought it was wiser to close and take my profit.
0,6359 to 0,6615 looks like a good trade.

Thank you again for your support!
on 16 Mar 2009 at 5:42 pm10Dr. S. Sivaraman

Dear Francesco
When profit is seen we can grab it and wait to re-enter when the right opportunity comes.traders lose money because of market fear or greed.So it is better to use strategic trading if one needs to maximize the profit.
Regards
Dr.Sivaraman

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