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

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Holding high could lead to further rise

Posted on August 14, 2009 at 3:43 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP yesterday made the rise during Japanese and European sessions.After initial quick swing moves they firmed up again to hold near high.the players were holding high for the short sellers to cover.But further shorts were absorbed by the players from traders.

today for week end EURO and GBP are expected to swing between narrow range high and low and then firm up above high during European session. A quick drop towards close of European session and then quickly rise with swings during US session.

Regards

Dr.Sivaraman

26 Responses to “Holding high could lead to further rise”

  1. on 14 Aug 2009 at 4:07 am1Francesco

    Good day Dr.Sivaraman,

    what is your idea on USDJPY after yesterday downward stop hunt?

    Thank you

  2. on 14 Aug 2009 at 5:17 am2JayDee

    Dear doctor…. you said that “.the players were holding high for the short sellers to cover.But further shorts were absorbed by the players from traders.”
    1)Does this mean that the players are buying at this level from short sellers to rise and earn good pips for the weekend?
    2)Yesterday you said that the players are holding high for the short sellers to turn long and then drop to hit their stops,But now you do you think that instead of getting long the short sellers are accumilating shorts for the average?Hence players can rise more in the process…

    Is my supposition right else please elaborate a little..

  3. on 14 Aug 2009 at 5:18 am3Nazali

    Hi Dr

    Will eur and gbp rise above the weeks high and stay above today - for more rise next week? Many thanks.

  4. on 14 Aug 2009 at 5:53 am4Arun Kandyal

    Hi Dr
    They are making downward stop hunt in gbp, do you expect they can extend downward stop hunt and go below the 1.6500 and instead of rise for today they drop more around 1.6350-16400 area and surprise traders.just want to know your views about drop. But i am quite optimist for gbp it would go above 1.6700 area till close of us session thx.

    Regards
    Arun Kandyal

  5. on 14 Aug 2009 at 6:14 am5Kevin

    Doc the moves on E and G look like the pump and dump moves we saw at the high of last week on GU before the fall and the start of the week before the rise started. Are the players buying more or offloading positions at the low? Please let me see what you see thank you.

  6. on 14 Aug 2009 at 6:15 am6Chris

    Hi Dr … in GBP do you expect yesterdays range to be broken in any session today if so .. top or bottom… top I hope (talking my book)

  7. on 14 Aug 2009 at 8:11 am7Constantin Lucian

    Dr. what is your view for gbp/jpy and aud/usd for the remaining month of august and September? thank you very much for all your help

  8. on 14 Aug 2009 at 8:38 am8maxi

    hi dr, is it the case that players are creating the bearish feel in gbp, whilst handling the crosses to allow rises in jpy?

  9. on 14 Aug 2009 at 8:55 am9Dr. S. Sivaraman

    Dear Francesco
    USD/YEN is expected to consolidate near low and rise from monday.
    Regards
    Dr.Sivaraman

  10. on 14 Aug 2009 at 8:59 am10Dr. S. Sivaraman

    Dear JayDee
    in the market alternatively the traders net holding positions changes from short to long and back to short.So the market were holding high for the short sellers to cover their shorts.Now after some short sellers cover short and turn long they have done the brief downward stop hunt below low set for today.Still the lower level short sellers were waiting for the drop to close with lesser loss.Hence the players are holding the market in the middlelevel now.They are expected to make volatile move during start of US session and then rise quickly when the traders act with week end pressure of closing positions.

    Regards
    Dr.Sivaraman

  11. on 14 Aug 2009 at 9:00 am11Dr. S. Sivaraman

    Dear Nazali

    Expected
    Regards
    Dr.Sivaraman

  12. on 14 Aug 2009 at 9:11 am12Raja Hammad

    Dear doc,

    Please give your views on usd/cad . Do you think it can breach the 1.1 level today or next week`?

    regards.

  13. on 14 Aug 2009 at 9:50 am13smith

    Dear Doc,

    according to your today’s market comment, you don’t expect big moves even upside from EUR and GBP just sideways in today’s range. is it true?
    And what about with EURGBP? we can not see any downward stop hunt, just upward stop hunt. So what can be the next step?

    regards,
    smith

  14. on 14 Aug 2009 at 10:56 am14jefe

    Dr,

    On both U/J and GU they are holding on lower side now- and EU holding with near zero net change. Looks like waiting for CPI data. They made upward stop hunt in E/G and holding high.

    So we should expect another downward stop hunt in G/U & U/J prior to CPI - then a fall in E/G and rise in GU and UJ, and EU to stay about the same or small rise?

  15. on 14 Aug 2009 at 12:04 pm15Dr. S. Sivaraman

    dear Arun Kandyal
    we can imagine either way, the possibilities - but foreseeing the expected moves - reading the players intentions could help us to trade better.
    Regards
    Dr.Sivaraman

  16. on 14 Aug 2009 at 12:05 pm16Dr. S. Sivaraman

    Dear Kevin

    Their intentions could become visible during US session.
    Regards
    Dr.Sivaraman

  17. on 14 Aug 2009 at 12:06 pm17Dr. S. Sivaraman

    Dear Chris
    High they are expected to break as they broke the low and come above during gaptime before European session..
    Regards
    Dr.Sivaraman

  18. on 14 Aug 2009 at 12:07 pm18Dr. S. Sivaraman

    Dear Constantin Lucian
    they are expected to rise.

    Regards
    Dr.Sivaraman

  19. on 14 Aug 2009 at 12:08 pm19Dr. S. Sivaraman

    Dear maxi

    yes,now you can see,
    Regards
    Dr.Sivaraman

  20. on 14 Aug 2009 at 12:09 pm20Dr. S. Sivaraman

    Dear Raja Hammad
    early next week.
    Regards
    Dr.sivaraman

  21. on 14 Aug 2009 at 12:11 pm21Dr. S. Sivaraman

    Dear smith
    The expected moves are up but will not be visible early for us to take easily the positions.
    Regards
    Dr.Sivaraman

  22. on 14 Aug 2009 at 2:01 pm22smith

    Dear Doc,

    sometimes I really do not understand the price actions of USDJPY. Now, it seems to move parallel to the risk aversion sentiment and falling again like a rock. There are a lot of panic sellers (holding long and covering now) or what is going on?
    What can be the levels be reachable next week?

    regards,
    smith

  23. on 14 Aug 2009 at 2:08 pm23jefe

    smith,

    When u/j E/u and GU au all fall suddenly at news time its usually stop hunt

  24. on 14 Aug 2009 at 2:12 pm24jefe

    what is alittle unsettling are the “gap downs” in g/j both yesterday and today when these stop hunts took place- but probably more a product of the fact gu and uj falling at the same time then anything else

  25. on 14 Aug 2009 at 2:54 pm25Nazali

    Hi Dr

    Do you still expect a rise in eur and gbp for this session - could the rise come next week?

  26. on 14 Aug 2009 at 2:56 pm26Arun Kandyal

    Hi Dr
    GBP Drop 100 pips Still do you expect they wil rise GBP 1.6650- 1.6700 towards close.now i have leave the hope to rise.if rise then would be limited. your views please thx.

    Regards
    Arun Kandyal

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