Operators' intentions read by 
Yesterday EURO and GBP made varied moves and formed up towards close of US session.They are expected to swing and slide during Japanese session.Then a quick drop is expected during early European session.After a recovery rise till end of European they are expected to slide during early US session and firm up towards close of US session after FOMC rate announcement.
Tomorrow 30th Apr - the month end move - again volatile moves for a day are expected.
Strong one sided rises are expected from early May.
Regards
Dr.Sivaraman
Dear Dr:
I think EURO will be testing 1.34 by 29th/30th and then will be due for a major correction (I am expecting it to slide to 1.24 in the next 4-5 weeks). Are there any strong reasons for your forecast of one-sided rise in May? Thx
Shiv
Could you please share your analysis/reasons for the rise to 1.34 and slide to 1.24?
Thanks
su25
Hi Su25:
This is purely my opinion and not a recommendation:
The EUR is fundamentally weak with the worsening economic problems in the Eurozone + expected QE measures to be announced (and a possible rate cut in May). Add to this the much overdue stock market correction - I am expecting a major pull-back on DOW and S&P in May - and you get a bleak picture for EUR, in my opinion…
The only reason I am expecting it to go up in the next couple of days is the month-end factor - there seems to be some player interest in the name of “risk appetite” which is really not warranted. I expect this appetite to vanish at 1.34 which is a major tech resistance for EUR.
Well, I could be quite wrong with this but if EUR crosses 1.33, my bet will be on shorting it with a stop loss of 1.35. Thanks
Dear Shiv,
Very interesting to read your opinion here.
I would like to give my view also.
Fundamentals are obvious to everybody but can be hard to understand and used as a tool in our trading time frame. The USA economics was so weak last year and then suddenly it reversed against the eur with eur zone economics was still in good shape(at least from the media and the numbers showed to us). The top is set already and the normal traders still don’t believe it along the way down till all the facts coming out that the eur zone was in a even worse situation. Now we all know that was ture but the market is refused to drop anymore. Bearing in mind that only a small percent of traders can win in this game, if we treat and understand the fundamentals like most of the people do, then we are just standing at a disadvantage side.
From a long term point of view which may last several years, we are in Dollar bullish market but it doesn’t mean that there will be no big correction during the course.
This is also the one of the reasons why I treat Dr’s market reading as unique.
Regards.
Barry
We just saw swing and climbing up in JP session and quick rise in eur session till now which is quite different with today’s market reading (especially in GBP). Let’s see How it will go in US. session.
thanks doc for your brilliant analysis. I really apppreciate that you share your analysis with us. Wish I could see what you see in your daily analysis
Hi Dr
Big rises this morning, do you expect a dip later today before another rise? If so what kind of drop should be expected. Many thanks.
Hi Shiv & Barry
I agree with both views. However, in my experience, I have come across Research Reports of many big names giving Long Term targets/views only to change within a few weeks, if not days. The only thing they are consistent in is changing their LT views & targets (which become dynamic!). So, to take LT trading decisions on fundamentals or technicals is difficult as it could change quite rapidly. I prefer LT trading through options. I agree with Doc too - when everybody was calling for further rise in Eur, it tanked. However, I would classify Doc’s views as more akin to contrarian, as I do not understand his methodology.
I am now waiting to check my theory - one particular Asian currency pair is being recommended by most houses and reasons being the trading band has been widened, large negative GDP for Q1, need for keeping the currency weak to aid exports are being given amongst others. My guess is that currency pair will strengthen in the next 2-3 months. I have no trades on that pair. So if my guess is wrong, then many will make money!
I find it easier to make some money using technicals, and keeping the trades open for a few days, if targets not achieved intraday.
And, I have now come to respect everybody’s opinions - although I get a bit touchy if somebody professes their method to be superior to that of others, as each will fail at some point in time. Best is for each to have confidence in their own method!
Regards
su25
Dear Dr
Is it right time to buy cable if there is a slide in us session.
Thanks
Dear Doc
I am trying to decide what to do with GBP/USD. As the major resistance 1.4777 has been breached, i am thinking it should touch 1.49 as minimum. What do you think? Thanks again for your brilliant education and tips
Dr.,
Do think the slide in GBP will last until the European close?
Thanks,
Dear Dr. Sivaraman hi , pls adv. yr view about Euro moves now ?
B. Regards
Dear Barry & Su25:
Thanks a lot for sharing your thoughts.
I too read Doc’s opinions with lot of interest as his thoughts are certainly unique and provide a different perspective to trading.
My feeling is that we will see a dollar uptrend for the next 2-3 months before EUR and GBP make a come-back. Let’s see how it goes. Stop losses are always there for protection and I am just waiting to see EUR cross 1.33 to go short!
Best regards
Dear Shiv,
It’s always a pleasure to learn from each other no matter what. However, I will be adding long position if euro goes above 1.33 aiming 1.34, 1.37 and even over 1.4. There is a great pattern forming in the chart and the upside move will be huge and quick if it successes. We will see soon.
Regards.
Barry
Dear Dr.
Hope you are well1 We are looking forward to your forecast this morning.
Best, E
Dear Dr,
How are u doing?
Just wanna ask u if eur/usd will touch the 1.35 zone soon?
Thx..
Rgrds,
Reez
Dear Doc,
I hope you are ok. TC
Dear Dr. Sivaraman hi , this blog is your blog i like to know your view in it !!!! so pls adv , if i want to see some other view i know where to go but your
view means alot to me so pls keep this blog to show only your view , awaiting for your update.
B.Regards
r
Hi Dr
Hope you are well and back soon.
dear All
Sorry I was late in posting the blog as I was busy with some other work outside my place.Thanks for your patience.Some interesting discussions have happened in this blog when I was away.I respect all the views and reserve my comments or remarks.I will continue to post my expected market moves reading the players intentions every day.
Regards
Dr.Sivaraman