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

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market is in holiday mood

Posted on April 10, 2009 at 5:16 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO made a quick drop yesterday from mid US session when GBP was holding the level,mainly to drop EURO/GBP cross.

Today during japanese session EURO alone made a downward stop hunt before the recovery move.Towards close of Japanese session they are expected to swing and firm up and rise slowly during European and US sessions for week end.

it may appear EURO is losing support ,earlier market created the feel that GBP was losing support.The market sentiments are created to induce the traders to sell during drop and get trapped when they fail to book profit out of greed.Then they will be induced to cover their short out of panic - the extreme emotions are triggered by showing the extreme levels.

Trade calmly with full understanding of market mechanisms.

Regards

Dr.Sivaraman

12 Responses to “market is in holiday mood”

on 10 Apr 2009 at 6:49 am1saad

Dear Dr.

good mrning

What do you think for today and next week move for EUR/GBP…

have a happy weekend

Regards
on 10 Apr 2009 at 6:52 am2Gregor

Dear Dr.,

according to your algorithm, where can we go LONG against EUR in next 3-4 weeks? AUD, GBP, CAD?

Thanks.

Gregor
on 10 Apr 2009 at 7:18 am3j.j

Dear Dr. sivaraman pls adv if all markets are closed today then how come we still see the market is still moving ?
Regards
on 10 Apr 2009 at 7:30 am4bijay

hello sir..
what about euro/aud……!!! any recovery or more drop….????

As u said Euro is now in downtrend….so wiil it recover to the yesterday’s high in us and euro session….or further down will take place……????
on 10 Apr 2009 at 11:33 am5Dr. S. Sivaraman

Dear saad
EURO/GBP cross is expected to swing and slide more.
Regards
Dr.Sivaraman
on 10 Apr 2009 at 11:35 am6Dr. S. Sivaraman

dear Gregor
Euro is expected to rise slowly when compared with GBP and AUD till mid next week.Then EURO is expected to take over them in rising speed from mid week.So you can accordingly decide upon your trades.
Regards
Dr.Sivaraman
on 10 Apr 2009 at 11:43 am7Dr. S. Sivaraman

Dear j.j:
There is official holiday in Europe and UK.Other markets like Japan are open.Still in all banks traders orders are taken.So there will be swings in the market.
Regards
Dr.Sivaraman
on 10 Apr 2009 at 11:45 am8Dr. S. Sivaraman

dear bijay
because of thin volume market moves are subdued today.still a partial recovery is expected in EURO to reach the high of today.Then next week from monday more rise is expected.Accordingly EURO/AUD is also expected to recover.
Regards
Dr.Sivaraman
on 10 Apr 2009 at 3:22 pm9j.j

Dear Dr.sivaraman , pls adv. for monday how you see the market as for the last two days we see the down move start with the far east and one more thing for the last two days we see that all the borses end their trade with good upword moves then what hapen to risk aptt. pls adv
Regards
on 10 Apr 2009 at 5:11 pm10Dr. S. Sivaraman

Dear j.j.
This week beginning I gave the info as week beginning false correction.but actually it has happend as ‘week long correction’.The players found traders were bullish and freely buying at the highest levels.So they dragged the market and tested the patience of the traders to get the profit of their week beginning sell positions by week end.

Euro and GBP are expected to reverse back to their main upward journey from monday with brief dip during start.

next week I am expecting the complete recovery and reaching the recent highs in them.

Hope it happens.

Regards
Dr.Sivaraman
on 10 Apr 2009 at 6:20 pm11j.j

Dear Dr.sivaraman thanks for the reply
Regards
on 12 Apr 2009 at 2:22 pm12aravinth

Dear Dr. S. Sivaraman,
eur/jpy will move down ?

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