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

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Momentum moves

Posted on September 8, 2009 at 6:30 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Yesterday GBP dropped quickly as if it cannot rise till Thursday- the hype created created the feel and now it is firming up against the sentiment created.

Today EURO and GBP are expected to make firming up moves towards close of Japanese session.Then after quick rise during early European session they are expected to gain till mid European session.Then after a quick drop during late European session they are expected to gain momentum and rise again.when traders volume increases the market momentum is expected to be more from today.

Regards

Dr.Sivaraman

7 Responses to “Momentum moves”

on 08 Sep 2009 at 6:46 am1jo

Hi
I cudnt attend Doc’s webinar today, cud anyone please let me know Doc’s forecast for GBP & Gold?
Jo
on 08 Sep 2009 at 7:09 am2Francesco

Hi Jo,

Doc. Sivarman expects GBP to rise more on Thursday and around 1,66 by consequence of the BOE rates decision.

I had connection problems today so did not hear whether he mentioned about gold.
on 08 Sep 2009 at 7:35 am3Mohi

J/F,

Doc talked about overall rise as stated at this blog. Gold wasnt mentioned, neither was there any question, but if I remember correctly he said 1040 area yesterday. I dont trade gold, so the number I say here could be incorrect. Regards
on 08 Sep 2009 at 8:22 am4jo

Dear Francesco & Mohi
Thank you both for the information
Good Luck
Jo
on 08 Sep 2009 at 9:06 am5smith

I had been waiting this kind of move last Friday but not happened, so I closed my GBP longs on Friday and yesterday with some loss. But I can not change the situation, I made a mistake.
Doc, do you still expect a spike in GBPUSD may be after BoE, or what is going on now the rise that you predicted on today’s webinar?

regards,
smith
on 08 Sep 2009 at 9:41 am6Dr. S. Sivaraman

Dear smith
new update is given.market is known to reward patience and not impulsiveness.Learn to be calm and trade at ease ,equity will grow.
regards
dr.sivaraman
on 08 Sep 2009 at 10:09 am7vinesh

doc are we to say that eu/usd is not going to see previous lows of 1.40 for the rest of this year

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