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

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Less rise and more drops for a day

Posted on October 7, 2009 at 6:08 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the firm up move during early US session and made the slide.As mentioned here they opened lower and making the swings to slide during close of Japanese session.They are expected to firm up during early European session and then slide and drop from mid European session.After quick drop during early US session they are expected to swing near low and come to middle level towards close of US session.

Tomorrow for important interest rate announcement time they are expected to drop and make lower level volatile moves.

I will give the forecast in details in tomorrow’s Asian session: Live market analysis webinar time and in the blog.

 I am sorry due to sudden high voltage fluctuations I could not end the webinar properly.Hope to see you all tomorrow again during the webinar for us to make live market analysis.If there are unanswered questions- you can post here and I will give the reply.

Regards

Dr.Sivaraman

23 Responses to “Less rise and more drops for a day”

  1. on 07 Oct 2009 at 6:34 am1Francesco

    Good day Dr. Sivarman,

    today during webinar I was meant to ask you if you expect more drop for EUR today or tomorrow.
    Where will we see a low that could possibly be a good buy level?

    Regards,

  2. on 07 Oct 2009 at 6:41 am2Raj patel

    Hi Doctor,
    How long (time wise) do you see Gbp fall to continue there are more quick drops then rises and seems lower-lows and new lows are shown by the players.
    Is playing sell and buy safe for today?
    your views appreciated.
    Thanks
    Raj

  3. on 07 Oct 2009 at 6:44 am3Adnan Butt

    Respected Dr,

    Do You think that down trend for eur/usd has exhausted.
    I have been trapped in 1.4330 to 1.4500 (having 2 to 3 lots)
    I must wait for down trend in near future or clear the lots?
    plz guide

  4. on 07 Oct 2009 at 6:52 am4jaydee

    Dear Doc,
    how low can usd/jpy go before rising? can it breach the level of 88.30 intensively?
    regards

  5. on 07 Oct 2009 at 6:54 am5Saswata Banerjee

    Dear Doc,
    please give us the time-period of each session in GMT. I am sure of US session (13PM - 20PM GMT) but not sure about the other two. Please help.
    Thanks

  6. on 07 Oct 2009 at 7:00 am6Ahmed Hanif

    Dear Doctor, i do not see 0.88 level in eur/gbp until a rise in pound as pound is the weakest among all the currencies and now u r saying that pound can drop again so eur/gbp can also test 0.94 in that Gbp drop no matter how big the drop occurs in euro.

    Regards,

    Ahmed Hanif

  7. on 07 Oct 2009 at 7:08 am7Raj patel

    Saswata,
    Email me and I forward you a copy of notes that shows all you need to know.
    Fxnotes09@live.co.uk
    Raj

  8. on 07 Oct 2009 at 7:12 am8Dr. S. Sivaraman

    Dear Francesco
    European is expected to slide from mid European session and could reach 50+ pips below todays low around 1.4635 we couls see.
    Regards
    dr.sivaraman

  9. on 07 Oct 2009 at 7:15 am9Dr. S. Sivaraman

    Dear Raj patel & Adnan Butt
    Players are dropping and buying GBP and riseing and selling Euro now.We could see around 1.5770-1.5730 as low and then a rise tro 1.63-1.66 area VERY QUICKLY in this week or early next week.then only euro could reach 1.48 area.Euro could reach the low of around 1.44 area.
    Regards
    Dr.Sivaraman

  10. on 07 Oct 2009 at 7:17 am10Dr. S. Sivaraman

    Dear jaydee
    Now the low is formed in usd/yen towards close of Japanese session as a downward stop hunt to rise during today US session using some news to above 89.80.
    Regards
    Dr.Sivaraman

  11. on 07 Oct 2009 at 7:19 am11Francesco

    Dear Dr. Sivarman,

    thank you for your reply.

    Still is not clear to me when you say that only euro could reach 1.48 area.Euro could reach the low of around 1.44 area.

    You mean that Euro will reach 1,48 and then drop to 1.44 or viceversa?

    Would you kind further explain?

  12. on 07 Oct 2009 at 7:29 am12Dr. S. Sivaraman

    Dear Saswata Banerjee
    session timings followed by players:

    Japanese session:-00;30-07;00 GMT

    gap time: 07:00-07:30 GMT

    European session:-07:30-13:00 GMT

    gap time:-13:00-13;30 GMT

    US session :-13:30-20;30 GMT

    gap time :-20:30-00:30 GMT next day.
    The timies will have the shift once Europe and US shift to standard time frame from day light saving time.
    Regards
    Dr.Sivaraman

  13. on 07 Oct 2009 at 7:30 am13Dr. S. Sivaraman

    Dear Ahmed Hanif
    As I mentioned during webinar EURO/GBP is expected to make unassuming drops soon.
    Regards
    Dr.Sivaraman

  14. on 07 Oct 2009 at 7:34 am14Adnan Butt

    Respected Dr,

    I am very very thankful to u for your valueable comments and timely guidence. I am studying and practising your analysis for the last 1 1/2 month. Results are very fruitful. Again Very Very thanks

  15. on 07 Oct 2009 at 7:58 am15Junaid Pervaiz

    Dr,

    Please do suggest regarding GOLD do u see it bullish or it will comeback to to $950 level in the following week.

    Your views are highly appreciated.

    Regards,
    Junaid Pervaiz

  16. on 07 Oct 2009 at 8:24 am16Andreas

    Are this times GMT or london time ?
    European Session 7:30 gmt would be 8:30 london time now, meaning 30 mins after london open ?

  17. on 07 Oct 2009 at 8:52 am17j.j

    Dear Dr. Sivaraman hi, pls adv us with yr view regarding
    gold as always i admire and respect it pls adv.

    regards

  18. on 07 Oct 2009 at 9:00 am18Dr. S. Sivaraman

    Dear Junaid Pervaiz & j.j
    Gold will also come down fast in this week.The players are showing extreme levels to create fear.
    Regards
    Dr.Sivaraman

  19. on 07 Oct 2009 at 9:18 am19RoB!n

    Respected DOC’s,
    At what price EU will go today??Is it uto 1.4600??

  20. on 07 Oct 2009 at 10:33 am20Jason Macko

    So if the GBP/USD cuts down to about 1.5720-15780, it may be the time to buy and use a stop below 1.5700. I am asking this because one of my options (I am holding a 5 mini-lots from 1.6180) is to average down if the probabilities for a move up back into the 1.60+ area are higher. My three concerns are the potential expansion of QE by the BOE, anything that comes out of Mr. King’s mouth lately, and of course the broken head and shoulders pattern on the daily charts, which suggests the potential down to 1.50-1.53 area.

  21. on 07 Oct 2009 at 12:19 pm21Jason Macko

    GBP/JPY painted a double bottom - this time I was in. Massive short squeeze on the Yen crosses, I’m not sure what this means for the rest of the week for Risk sentiment.

  22. on 07 Oct 2009 at 3:49 pm22roy santillan

    hi doctor
    are we specting a doble top on the eur-usd then the drop? are we going to reach 1.48 and then drop back 1.44? and keep falling? the rsi is over bought in the week time frame i think it could brake the mayor bullish channel.

  23. on 07 Oct 2009 at 4:00 pm23roy santillan

    there is a gap at 1.4571 5 min chart at the eur-usd october 5th at 19:55 i think the pair will cover soon do you agree?

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