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

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Week end and month beginning expected moves

Posted on May 1, 2009 at 5:07 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP have been making volatile moves for month end to create uncertanities in the market.

Today for week end they are expected to swing near high during Japanese session,then slide and drop during European session (being holiday) then swing and rise quickly towards close of European session.For US session more quick rises are expected for week end and month beginning time.

From next week EURO and GBP are expected to reach new higher levels for the season and continue to make swing and rise moves.

Regards

Dr.Sivaraman

18 Responses to “Week end and month beginning expected moves”

  1. on 01 May 2009 at 6:41 am1Nazali

    Hi Dr

    What size drop is expected in eur and gbp in the ES? Many thanks.

  2. on 01 May 2009 at 7:25 am2bijay

    what can u say about gbp/jpy….????
    whether any retracement to 144 level is possible in european session and or only rise will b there in this session…???

  3. on 01 May 2009 at 7:50 am3George

    Dear Dr,

    I wonder if it would be correct to apply your market-move forecasts to the daily pivoting point, meaning that whenever a slide, firming-up, drop och spike is expected, it should be viewed and acted upon from the perspective of the daily pivot? Thanks a lot for your invaluable analysis!

  4. on 01 May 2009 at 7:52 am4Emil

    Dr. Question on the first 30 min move. Quite often the first 30 min of a session doesnt break either the high or the low of previous session. Do we then take position near high or low? Is there a way to get a reading of intentions in such circumstances?

    Furthermore - gap time moves are most often retraced within the gap time or soon thereafter - hence a false move. However, the direction of the gap move doesnt necesarily indicate the direction of the move in session? Is that correct.

    many thanks,
    E

  5. on 01 May 2009 at 7:55 am5Emil

    Dr, And please if possible - yesterdays move between 7-8am gmt yesterday was very confusing. Gap time move up which just about closed within gap time. Then rise of 100 pips in first half hour.

    Was there a way to read in such situation that it would fall rest of the session?

    Thanks

  6. on 01 May 2009 at 8:53 am6Dr. S. Sivaraman

    dear Nazali

    about 100+ pips quick drop and then rise back expected.
    Regards
    Dr.Sivaraman

  7. on 01 May 2009 at 8:56 am7Dr. S. Sivaraman

    dear bijay
    they finished dropping EURO,GBP and USD/YEN as downward contrarian move.They are expected to swing and rise all the 3 pairs.So yen crosses are expected to swing and rise.
    Regards
    Dr.Sivaraman

  8. on 01 May 2009 at 8:57 am8Dr. S. Sivaraman

    Dear George
    One can use my market moves description the way it is suitable for your trading decisions.
    Regards
    Dr.Sivaraman

  9. on 01 May 2009 at 8:58 am9Dr. S. Sivaraman

    Dear Emil

    there might be a day or 2 exceptions to this rule.Mostly the players follow the rules.
    Regards
    Dr.Sivaraman

  10. on 01 May 2009 at 9:31 am10Francesco

    Good day Mr. Sivaraman,

    do you think it will be safe to close long positions after the next rise that should come next week?

    How much potential do you still see in EUR and GBP from the current levels?

    Thank you for sharing your views!

  11. on 01 May 2009 at 10:44 am11RK

    Dear Dr

    At what level do you see your players offloading cable for sharp drop.

  12. on 01 May 2009 at 12:10 pm12Dr. S. Sivaraman

    Dear Francesco

    it is now month beginning.This month more aggressive rises are expected in EURO and GBP.A rise of 1100 -1600 pips rise is expected in them till month end.Still it depends upon the traders volume.Conservative estimate could be 700-900 pips rise.
    Regards
    Dr.Sivaraman

  13. on 01 May 2009 at 12:12 pm13Dr. S. Sivaraman

    Dear RK
    it uot off loading - actually they use specific order below the market to trigger all trailing stops and srops and then buy them to rise again.They normally do this sort of move for 100-150 pips from the consolidation level or from high.Such moves will be very quick and reverse fast.
    Regards
    Dr.Sivaraman

  14. on 01 May 2009 at 1:18 pm14j.j

    Dear Dr. Sivaraman hi , pls adv. about Euro moves now ?
    B. Regarads

  15. on 01 May 2009 at 2:18 pm15Francesco

    Dear Mr. Sivaraman,

    thank you!
    I also believe that eventually optimism will be back in the market and it will cause some massive short covering.
    If so, could GBP and AUD be the outperformers since they have lost more ground during 2008?

  16. on 01 May 2009 at 6:02 pm16Dr. S. Sivaraman

    dear j.j
    The market volume apppears to be reduced and swings are expected till close.
    Regards
    Dr.Sivaraman

  17. on 01 May 2009 at 6:03 pm17Dr. S. Sivaraman

    Dear Francesco
    GBP is expected to gain more than EURO and AUD.
    Regards
    Dr.Sivaraman

  18. on 03 May 2009 at 8:58 pm18HT

    Dear Dr. Sivaraman USD JPY has formed “Hammer and Spinnig top ” formation on the monthly chart. Dp you think that it will go back to 93-94 area or you think it is going to rise above 101 are this month?

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