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

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expected dip turned drop

Posted on August 19, 2009 at 10:20 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the dip towards close of Japanese session as expected.But the dip expected during early European session turnedout to be a drop.But it is over.they made more driop in GBP than EURO to rise EURO/GBP cross and holding USD/CHF and and dipping EURO caused dip in EURO/CHF.So to handle the yen crosses they made the drop in GBP and also drop in USD/YEN and to handle the European crosses they made brief contrarian moves in EURO,GBP and CHF.Now on they are expected to firm up EURO and GBP giving some trigger.They are expected to make brief dip during statrt of US session and then rise to gain back the lost levels.

This sort of move is normal when they want to buy large quantity before the rise this week and upward squeeze during month end ( next week)

Regards

Dr.Sivaraman

14 Responses to “expected dip turned drop”

on 19 Aug 2009 at 10:27 am1grow

Thank you
on 19 Aug 2009 at 10:40 am2smith

Dear Doc,

and what can be the trigger for rising USDJPY? it seems to melt down endless with no support. Do you think there will be a big downward stop hunt like in July? Shall we suppose that USDJPY will rise to 100+ somewhere in the future?

regards,
smith
on 19 Aug 2009 at 11:17 am3sg

Dear Doctor
please explain this statement ‘upward squeeze during month end ( next week)’. does this mean they will fall next week or the week after?
Thank you
on 19 Aug 2009 at 12:31 pm4smith

Doc,

why always the USDJPY falls so much? I am a positon trader in JPY but in the last 3 months always the same happened: neverending falling and then slow rise. I always close the postions with big profit but I have to wait a lot and seeing huge losses meantime holding the positions.
In what way can we see in the coming weeks higher prices in USDJPY?

regards,
smith
on 19 Aug 2009 at 12:46 pm5jefe

Thanks Doc- for the timely update- always interesting to seeand learn about what pairs are doing what/why/when, and wha tto look for and not get emotional.
on 19 Aug 2009 at 1:42 pm6vinesh

Doc, what do you expect out of UCAD. Seems like it is having a tough time breaking the 1.11 level.
on 19 Aug 2009 at 2:22 pm7devesh

thanks doc for excellent update
on 19 Aug 2009 at 3:00 pm8Ahmed

Respected Dr,
Thanks for this accurate to the pinpoint call!
Regards
on 19 Aug 2009 at 3:02 pm9Ange

Doc
timely reassuring update. Agree with Jefe.. your blog helped me keep my emotions in check, esp when the GBP/USD dropped heavily. thank you for your time and efforts to help small traders.
on 19 Aug 2009 at 3:20 pm10JayDee

Dear doc
whats the case with usd/jpy?
thanks and regards
on 19 Aug 2009 at 4:07 pm11Arun Kandyal

Hi Dr
Finaly the intention of players is revealed the extended dip was false.thx Dr. you are great.

Regards
Arun Kandyal
on 19 Aug 2009 at 4:28 pm12smith

Dear Doc,

a great call again, thank you!
Just the USDJPY weak…

smith
on 19 Aug 2009 at 5:42 pm13Venky

Dear Doc

There is a certain calmness with which I am able to watch the market after gaining your perspective every day. Thanks a ton.

It seems likely that GBP will finish the US session in the 1.66-1.665 range going higher than yesterday.

You have been fantastic!

Venky
on 20 Aug 2009 at 12:38 am14rockk

Dear respected Dr sivaraman,
thanks very much for your forcast.
i would like to attend the webinar to understand your method
but i have some problem with hotcom, so the whole last year i did not attend any webinar.so please can you write your updates?or could the webinar be recorded.
thanks

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