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EURO and GBP are expected to swing and slide for a day

Posted on May 25, 2009 at 5:53 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

After the upward move for week end ,EURO and GBP are expected to swing during Japanese session and then slide from early European session.Then after a quick drop for early US session they are expected to firm up towards close to drop again tomorrow during japanese session.This sort of wide range swings are expected for the players to buy low and sell high and reduce the holding value of their buy positions and then rise more from tomorrow for last week of the month.

During last and first week of the monthy they bring in monthly trend reversal moves,they are known to be highly volatile.So trade calmly controlling the impulsive feel to get into the market.Buy during quick drop and book profit during quick rise in your swing trades.

Regards

Dr.Sivaraman

10 Responses to “EURO and GBP are expected to swing and slide for a day”

on 25 May 2009 at 8:22 am1j.j

Dear Dr. Sivaraman hi , pls adv more about yr view when you said during last and first week of the month they bring in monthly trend reversal moves ? so what type of trend reversal you think pls adv.
B.Regards
on 25 May 2009 at 8:55 am2Francesco

Good day Mr. Sivaraman,

I need some clarifications about your post from Friday.
You expect a new big rise in EUR and GBP.

I don’t understand why then you forecast a rise in denominator currencies and then a drop in numerator currencies in the last part of the week.

Considering the pairs EURUSD and GBPUSD, according to your last report USD should rise in the first part of the week and then EUR and GBP should drop in the last sessions, then I miss the point of the further big rise coming.

Thank you for making it more clear to me.

A last question, do you think we could see a retrace in EUR before a new rise?
If so how many pips would you reasonably expect it to dip or drop?
on 25 May 2009 at 10:05 am3rebecca

dear doc,
you have mention GBP will go further rise but a quick drop end of this month. what your comment that how GBP will be on early june, continue rising and drop in the mid month?

thanks

rebecca
on 25 May 2009 at 10:23 am4Dr. S. Sivaraman

Dear j.j
EURO and GBP are expected to rise during month end and next month beginning and slide during Jun.
Regards
Dr.Sivaraman
on 25 May 2009 at 10:26 am5Dr. S. Sivaraman

Dear Francesco & rebecca
The big rise is general trend for another 2 weeks. there will be week beginning false drop and then the rise for rest of the week from tomorrow European session is the move with in the week.
Regards
Dr.Sivaraman
on 25 May 2009 at 11:17 am6Kevin

Hi Doc, great call on the EU and GU drop today. What do you see happening on the UJ today? Will it continue to rise during the NY session or fall?
on 25 May 2009 at 12:05 pm7Dr. S. Sivaraman

dear Kevin

USD/YEN is expected to slowly rise today onwards.
Regards
Dr.Sivaraman
on 25 May 2009 at 2:24 pm8Kevin

Great thank you very much and great call on that drop on the EU and GU.
on 25 May 2009 at 2:24 pm9Nazali

Hello Dr
It’s been quick so far today, could that be due to the holiday in the US and the UK? Could we see the correction tomorrow? Many thanks
on 25 May 2009 at 3:36 pm10Nazali

I mean quite!!!

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