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

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Further rise in european crosses

Posted on June 18, 2009 at 10:10 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Players have done the second time extended rise in EURO/GBP by holding EURO and dropping GBP.

They are expected to rise them again by rising more EURO and rise later GBP.Still they are busy making trend reversal quick moves in European crosses,then they will make extended stop hunt in EURO and GBP to drop later.

Then they will rise both to prepare for week end moves.

Regards

Dr.Sivaraman

14 Responses to “Further rise in european crosses”

on 18 Jun 2009 at 10:21 am1Nazali

Hi Dr

If they made the extended stop hunt in the ES will we see a drop in the US session?
on 18 Jun 2009 at 10:46 am2Francesco

Good day Mr.Sivaraman,

today we saw a quick rise during end of japanese and early european session.
Then we had a downward stop hunt, now crosses seems to be consolidating at levels where players are buying again and make them rise again in US session.
Do you think the further rise could lead EUR and GBP above the daily highs of 1.3990 and 1.6465?

Thank you!
on 18 Jun 2009 at 11:12 am3rebecca

do u mean gbp currencies will be going higher next week?
with eup together as well.

thanks
on 18 Jun 2009 at 11:16 am4Mohi

Dear Sir,

Do you see today’s high being breached again by gbpusd? If not, then by tomorrow? Kind regards..
on 18 Jun 2009 at 11:36 am5Constantin Lucian

looks like we have low volume this past two weeks but i really think that gbp/usd will go towards 1.6660 one more time and that would be a signal for me to short…it looks to much like a calm before a storm. Dr. taking in consideration the new events and low volume can we say that the trend reversal will extended to next month also? the 1.33 - 1.35 and 1.5 gbp areas?in my view is if the volume was high this month maybe at this point we would have seen firmer price actions and lower levels and not this down 200 pips up 200 pips and so on. So with low volume they will have to extend the reversal also next month. Or will they give up on it and only slide a little and the rise next month?
on 18 Jun 2009 at 12:17 pm6Dr. S. Sivaraman

Dear Nazali

I am expecting an upward spike.We need to watch and understand.
Regards
Dr.Sivaraman
on 18 Jun 2009 at 12:19 pm7Dr. S. Sivaraman

Dear Francesco , rebecca & Mohi

They dropped GBP holding euro to rise EURO/GBP and further rise they can do buy rising more EURO and follow up rise in GBP..then for reversal of the European crosses they could rise more GBP holding EURO and then drop EURO more and less of GBP.That will indicate the downward trending move of all majors.
Regards
Dr.Sivaraman
on 18 Jun 2009 at 12:22 pm8Dr. S. Sivaraman

Dear Constantin Lucian
We will review next week to understand that.
Regards
Dr.Sivaraman
on 18 Jun 2009 at 1:19 pm9mice

Hi Dear dr

could we buy euro on the break of the high target 1.41?

regards
on 18 Jun 2009 at 1:27 pm10Dr. S. Sivaraman

Dear mice

Dips are buy opportunities or above high we can buy if they hold above high for more than 30 min.Still limit the risk using hedging order,double stop or stop.
Regards
dr.Sivaraman
on 18 Jun 2009 at 2:31 pm11Nazali

Hi Dr

Will we see further gains in eur & gbp in the US session. Many thanks.
on 18 Jun 2009 at 2:37 pm12Dr. S. Sivaraman

Dear Nazali
Expected.
Regards
Dr.Sivaraman
on 18 Jun 2009 at 3:00 pm13mice

hi sir

they are expecting to make the upward spike near the close of us session or tommorow?

regards
on 18 Jun 2009 at 4:27 pm14Dr. S. Sivaraman

Dear mice

Yes.they will do that towards close or tomorrow during late European session.
Regards
Dr.Sivaraman

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