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EURO and GBP are expected to make volatile moves

Posted on October 5, 2009 at 6:55 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the slide towards close of US session on Friday.They opened high and made upward stop hunt now as expected during the Asian session webinar time.They are expected to make slide and drop during early European session to firm up again towards close of European session.Then swing and slide during US session as week beginning false move.They are expected to make volatile moves till mid week.

Regards

Dr.Sivaraman

11 Responses to “EURO and GBP are expected to make volatile moves”

on 05 Oct 2009 at 7:08 am1Ahmed Hanif

Dear doctor, Gbp can test 1.57 level in this volatile move?

Regards,

Ahmed Hanif
on 05 Oct 2009 at 7:20 am2Adnan Butt

Respected Dr,

Do you think eur/usd will test the 1.4480 today
on 05 Oct 2009 at 8:01 am3Francesco

Good day Dr.Sivaraman,

is it safe to buy EURUSD after the drop we expect for today?
What levels we could see as a low before rising again?

Regards,
on 05 Oct 2009 at 8:14 am4Sanio

Dear doctor, you mentioned that last Friday, if gdp moves down today it is a false move. It is that still correct?

Thank you,
on 05 Oct 2009 at 8:50 am5ATF

Dear Doc,

Do u see GBP/USD to touch 1.57 level.

Regards.
on 05 Oct 2009 at 8:56 am6Dr. S. Sivaraman

Dear All
EURO could come below low and when the new low is not cut for more than 30 min to 2hrs during US session that could be the low to buy.Similarly in GBP.
The levels are determined by the long liquidation of some taken long positions after rise.it appears now that the players have trapped equal amount of higher level long holders and lower level shorts are trapped.So the stop hunt moves could be quick and they could set the new high or low for today during US session.
Regards
Dr.Sivaraman
on 05 Oct 2009 at 9:55 am7Robin

As mention in your last post on friday that EUR and GBP will cut the fridays low as contrarian move before a big rise.It still holds? Will is cut fridays low (1.5803 and 1.4482)today before rise ???
on 05 Oct 2009 at 11:18 am8salim

Dr do u think EURUSD will go up till DECEMBER 2009.
on 05 Oct 2009 at 12:27 pm9jaydee

Dear doc,
thx for ur call abt eur and gbp, bt how do u see usd/jpy now? still drop expected or the players have caught enough short sellers to rise from here?

regards
on 05 Oct 2009 at 3:58 pm10Francesco

Dear Dr. Sivaraman,

EUR and GBP did not reached Friday’s lows today.
Do you think they will rise from here and then drop again towards those lows after mid week?

Regards,
on 05 Oct 2009 at 4:37 pm11Masood

Dr:
Can you briefly explain who the “players” are, and what effect they can have on world currency markets?

I am not new to Forex trading, but have never heard it explained in your terms before.

Thank you for your wise guidance…it is very helpful for me.

Respectfully,

Masood

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