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handling the crosses before the majors

Posted on April 15, 2009 at 7:48 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made contrarian moves yesterday along with other majors - like gbp rise and euro drop,euro drop and usd/yen drop,aud drop and usd/cad drop etc.

Today the market is expected to continue the contrarian move till late European session.From close of European session an upward  spike is expected  in EURO and GBP till close of US session.

In this process drops are buy opportunities in majors.USD/YEN,USD/CAD and USD/CHF are also expected to rise with swings along with EURO/USD  and GBP/USD as continuation of the contrarian move.

Regards

Dr.Sivaraman 

24 Responses to “handling the crosses before the majors”

  1. on 15 Apr 2009 at 7:50 am1jason

    Hi Dr

    Can I find out what is your view on the aud/usd and nzd/usd ?

    cheers
    jason

  2. on 15 Apr 2009 at 8:33 am2Nazali

    Hi Dr
    Is USD/JPY expect to go over 100 today? Many thanks.

  3. on 15 Apr 2009 at 8:51 am3Gregor

    Hi, Dr.,

    AUD/EUR at 1,75 and EUR/GBP at 0,82 in 2-3 weeks.
    Can you agree?

    Regards,
    G.

  4. on 15 Apr 2009 at 9:13 am4RK

    Dear Dr

    Is there any chance of a drop before rise to 1.5

    Rgds

  5. on 15 Apr 2009 at 10:53 am5Dr. S. Sivaraman

    Dear jason
    The AUD and NZD are also expected to rise,but with more frequent swings.
    Regards
    Dr.Sivaraman

  6. on 15 Apr 2009 at 10:54 am6Dr. S. Sivaraman

    dear Nazali
    yes expected during US session.
    Regards
    Dr.Sivaraman

  7. on 15 Apr 2009 at 10:55 am7Dr. S. Sivaraman

    Dear Gregor
    I am not very sure.
    Regards
    Dr.Sivaraman

  8. on 15 Apr 2009 at 10:55 am8Dr. S. Sivaraman

    Dear RK
    There will be a drop after this 1.50 visit in GBP.
    Regards
    Dr.Sivaraman

  9. on 15 Apr 2009 at 11:28 am9RK

    Thank you Dr.
    Will the low beat lower low of today?

    Rgds

  10. on 15 Apr 2009 at 12:04 pm10saad

    Hi Dr. S. Sivaraman

    i really wish to know what is the reason for EUR/GBP dropping every day………… what is the best way to trade fx

    Regards

    Saad

  11. on 15 Apr 2009 at 12:17 pm11Dr. S. Sivaraman

    Dear RK
    Quick lower low is expected during gap time before the US session in EURO and GBP.
    Regards
    Dr.Sivaraman

  12. on 15 Apr 2009 at 12:19 pm12Dr. S. Sivaraman

    Dear saad
    The only way to trade forex at ease and earn is to read the intentions of the players and trade along with them.They drop and buy and quickly rise and book profit in their positions and then they rise quickly to take sell positions and then drop without support to buy back against their sells.
    Regards
    Dr.Sivaraman

  13. on 15 Apr 2009 at 12:29 pm13Barry

    “Quick lower low is expected during gap time before the US session in EURO and GBP.”
    That would be a great call for short position if you stated beforehand in your post.
    Never mind. market is not short of chances.
    cheers

  14. on 15 Apr 2009 at 12:29 pm14RK

    Thanks Doc.

    I hope I catch it

  15. on 15 Apr 2009 at 12:45 pm15ejthekkan

    Dear Doc.
    1.3160, is it a strong support for EURO?

  16. on 15 Apr 2009 at 1:23 pm16jason

    Hi Dr

    That was a strong move down in the eur.

    You have mentioned that the eur and gbp will rise in the us session and spike up.

    Will it start from here ?

    cheers
    jason

  17. on 15 Apr 2009 at 1:36 pm17Nazali

    Hi Dr

    Similar to the last question, will eur make a big rise today in the region of 200 pips?

  18. on 15 Apr 2009 at 1:40 pm18Dr. S. Sivaraman

    Dear jason & Nazali

    they are expected to rise Euro from low in this session.GBP is expected to hold and swing.
    Regards
    Dr.Sivaraman

  19. on 15 Apr 2009 at 1:43 pm19jason

    Hi Dr

    Thank you for your response.

    How do think is the breadth of the rise ?

    Will the low in eur @ 1.3148 seen earlier be the low price before the move to 1.37 ?

    Will the eur start to rise and rally from here in subsequent sessions ?

    cheers
    jason

  20. on 15 Apr 2009 at 1:52 pm20ejthekkan

    Dear Dr.
    so, is it advisable to go long in GBP at the current lvl?

  21. on 15 Apr 2009 at 2:36 pm21jason

    Hi Dr

    The eur did not spike up as yet and its looking heavy and unable to breach above 1.32.

    Do you still hold the view that it will rise and spike up today ?

    cheers
    jason

  22. on 15 Apr 2009 at 3:29 pm22Nazali

    Hi Dr

    Do you consider Eur/Usd to have made a bottom at around 3150 or could it go down much further? Should a rally/rise be expected for the month ahead? Many thanks.

  23. on 15 Apr 2009 at 4:05 pm23Francesco

    Dear Mr. Sivaraman,

    do you think that under 0,88 is a good level to be long on EURGBP?

    Thank you!

  24. on 16 Apr 2009 at 9:38 am24Nazali

    Hi Dr

    Are you around today?

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