13 Responses to “narrow range swings for a day before week end rise”

1. on 23 Apr 2009 at 9:44 am1RK

   Dr

   Do you see cable dropping or euro or both?

2. on 23 Apr 2009 at 9:56 am2Mohi Hossain

   Dear Dr Sivaraman

   I have been reading your analyses for last 2/3 weeks. I read it with great interest and have it in my mind when doing tech or fundamental analyses. I am fairly new to forex trading and have been in it with a degree of success for last 3 months.

   I think your forecast is very educational and fairly accurate. Only thing I have noticed that for last 4/5 days you are quite bullish for GBP. Why is that? I hope you are right and I agree with you. I am biased because I have few long positions. Would you please break it down to reasons why you are so bullish on gbp.

   Appreciate your feedback.

   Kind regards,
   Mohi Hossain

3. on 23 Apr 2009 at 10:16 am3Dr. S. Sivaraman

   Dear RK
   A small drop in GBP to around 1.45 area and in EURO to 1.2970 area then rise.
   Regards
   Dr.Sivaraman

4. on 23 Apr 2009 at 11:34 am4Barry

   Dear Dr,
   You said that levels are not important and are not treated as support or resistance. Why do you give such levels.
   Actually, I don’t think euro will go under 1.30 if it intend to rise today from technical point of view. 3200 might be reached even as there are surprises all the time. Those who wish to buy at lower levels again will be cheated by the players.
   Regards.
   Barry

5. on 23 Apr 2009 at 11:47 am5Dr. S. Sivaraman

   Dear Barry
   I have only given the psychological and indicative levels as potencies since he asked about the depth of the drop.
   A quick drop can only stopout the bullish traders who buy after the rise.Day in and day out this happens.
   Regards
   Dr.Sivaraman

6. on 23 Apr 2009 at 11:58 am6Barry

   Thanks,Dr.

7. on 23 Apr 2009 at 1:00 pm7Nazali

   Hi Dr

   Any words on JPY today?
   Also do you see the rise in Eur as a slow steady rise - no big drops just small corrections. Many thanks

8. on 23 Apr 2009 at 1:47 pm8Dr. S. Sivaraman

   Dear Nazali

   Now the drop is seen in EURO more than GBP.They will try to hit stops around the psychological levels and then rise after the data release expected around 14:00 GMT.then GBP is expected to rise first followed by EURO rise.This way they also handle EURO/GBP.
   Regards
   Dr.Sivaraman

9. on 23 Apr 2009 at 2:58 pm9Bob

   Nice call Dr.

10. on 23 Apr 2009 at 3:03 pm10Mohi Hossain

    Spot on Dr S

11. on 23 Apr 2009 at 5:07 pm11Dr. S. Sivaraman

    dear Mohi Hossain
    Sorry I missed your question early.
    Thanks for the comments.Your question Why I am bullish in GBP?
    1.My algorithm says it uis expected to rise more till mid June.
    2.When all are bearish and willing to sell in the market.Some ‘fools’ are showing higher levels frequently and buying when traders sell.So such so called fools are expected to show their smartness by rising GBP quickly and trap the short sellers - as they focus on money making and we worry about economic conditions of various countries alternatively.
    3.We need to ask ourself that market sentiments are short lived and how long the people in the market can talk the ‘old stories’ again and again.We know from the past the market continue to make up and down moves and not one sided moves for very long time,so there need to be reversal and trap moves for the buig players to earn.
    4.EURO/GBP the players hold positions and they are averaging and selling more in the market to liquidate their positions.So if it has to drop then GBP has to rise more than EURO.hence we find when ever GBP drops EURO/GBP makes the uopward stop hunt and next day it reverses when the players dump the positions.
    Regards
    Dr.Sivaraman

12. on 23 Apr 2009 at 6:37 pm12Barry

    I do like some of your comments about GBP. Very good points.
    Dr.

13. on 23 Apr 2009 at 10:30 pm13Mohi Hossain

    Thanks Dr S

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