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

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Expected market moves for today

Posted on March 18, 2009 at 6:55 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made  the wide range swing yesterday by cutting the low and high set for the day.

Today when traders wait for FOMC rate decision,the market is expected to make rise before handduring European session and early US session.Then wait for the data release and then rise again towards close of US session.More rises are expected today and tomorrow.Then for week end an initial  drop and then quick rise expected in EURO and GBP.

You may use the timings given in the blog for the moves to take positions based on your derived levels.

Regards

Dr.Sivaraman

20 Responses to “Expected market moves for today”

  1. on 18 Mar 2009 at 7:28 am1Barry

    Dear Dr.,
    Thanks for the view.
    I also think there will be a great upward move today. However, there might be a correction when euro is on 3300 level from a technical point of view and it will not just be 100pips limitation. To me, it would not be a good choice to enter buy position for intra-day traders at that period. If that happens, Will you still identify it as downward stop hurt and suggest for buy and sell strategy along the way.
    Best regards.
    Barry

  2. on 18 Mar 2009 at 9:48 am2Barry

    Dear Dr.
    I studied the chart and it seems that euro will go 3070 again ,then there will be downward move below low and then make a great rise. Can you see such a move in your prediction, Dr.?
    Best regards.
    Barry

  3. on 18 Mar 2009 at 9:48 am3Francesco

    Good day Mr. Sivaraman,

    EURUSD looks capped by the 1,307 - 1,31 area, though it seems to be well substained on dips.
    Do you believe it will manage to overcome the resistance in the short term?

    Also, looks like GBP is poised to start underperforming Euro again; do you think it’s possible to see a spike towards the highs we saw at the end of 2008 (0,97 - 0,98)?

    Thank you!

  4. on 18 Mar 2009 at 12:03 pm4Barry

    ok.
    The first up has finished.
    we might or might not see a low cut.
    But there will be second up during us. session.
    Thanks for you prediction.

  5. on 18 Mar 2009 at 12:08 pm5Dr. S. Sivaraman

    Dear Barry
    Downward stop hunt moves are good buy opportunities to book profit during quick rise time.This time they may not do follow up drops as we have seen earlier month.

    Regards
    Dr.Sivaraman

  6. on 18 Mar 2009 at 12:11 pm6Dr. S. Sivaraman

    Dear Francesco
    GBP is known for its volatile moves to create the market sentiments.Now they are making extended upward stop hunt in EURO/GBP by holding EURO and dropping GBP.They will then hold EURO and rise GBP to drop EURO/GBP today and tomorrow.Then both EURO and GBP are expected to rise together.
    Regards
    Dr.Sivaraman

  7. on 18 Mar 2009 at 12:31 pm7vinesh

    Doc what r your comments about UJ

  8. on 18 Mar 2009 at 2:28 pm8Nazali

    I also expected EUR/GBP to fall but today it has passed 9350 and now I’m not so sure. Do you still expect a fall and if so to what level?

  9. on 18 Mar 2009 at 4:24 pm9Ben

    Dear Dr.

    What do you think about CHF ?

    When EUR-USD and GBP-USD rise, and USD-CHF also rises as contrarian move, do you see GBP-CHF and EUR-CHF rising too ?
    If Yes, how big do you expect the movement to be, similar as majors, or maybe less ?

    Thank you very much

  10. on 18 Mar 2009 at 5:20 pm10Dr. S. Sivaraman

    Dear Vinesh
    USD/YEN is expected to rise alternate with euro and gbp rise.
    Regards
    Dr.Sivaraman

  11. on 18 Mar 2009 at 5:23 pm11Dr. S. Sivaraman

    Dear ben
    Holding the denominator currencies when EURO and GBP are rising is to rise their crosses.So CHF crosses are also expected to rise.The moves in chf crosses will be in the range og 200-300 pips.
    Regards
    Dr.Sivaraman

  12. on 18 Mar 2009 at 5:32 pm12George

    Dear Dr. S. Sivaraman,

    What effect do you expect from the coming FOMC announcement on EUR and GBP. Will we run into a situation of “raise beforehand”->”raise on announcement”->”raise towards the end of the US-session”? Thank you very much for your invaluable analysis!

    Kind Regards,

    George

  13. on 18 Mar 2009 at 8:38 pm13Barry

    What a great prediction today!

  14. on 18 Mar 2009 at 8:43 pm14George

    A great day indeed, Dr. S.Sivaraman!

    Barry: personally, I would rather call the Doc’s work market analysis, not prediction ;)

    Kind Regards,

    George

  15. on 19 Mar 2009 at 2:38 am15su25

    Dear Doc
    You were expecting a rise of about 1300-1900 pips before end-Mar. And, now we have seen about 1100-1200 already. I would think this is an excellent performance. Bravo!!
    Although, I and many others did not expect the rise to happen in 2-3 weeks, your predictions have come true. Bravo!!
    Even if eur/usd retreats from these levels, I would consider your performance has been good for this month.
    Where do you see eur/usd by end-Mar? Your answer would be a bonus for the readers!
    regards
    su25

  16. on 19 Mar 2009 at 5:28 am16Dr. S. Sivaraman

    Dear barry and su25
    it is nice to get appreciations from critics.We will see further rise with more vigor towards close of this month.
    Regards
    Dr.Sivaraman

  17. on 19 Mar 2009 at 6:05 am17Aravind

    Dear Doc

    Want to check with you your view on EUR/CHF for month-end. can it go to 1.60 levels?

    rgds
    Aravind

  18. on 19 Mar 2009 at 6:21 am18saud

    Dr.
    what do you say about today? will the eur/usd rise again?
    or will it be back down?

  19. on 19 Mar 2009 at 10:16 am19Dr. S. Sivaraman

    Dear Arvind
    Euro/chf has the potency to reach 1.55 area and then expected to slide.
    Regards
    Dr.Sivaraman

  20. on 19 Mar 2009 at 10:17 am20Dr. S. Sivaraman

    Dear saud
    You would have seen the blog post and the actual market rise.they are expected to swing and rise more.
    Regards
    Dr.Sivaraman

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