22 Responses to “last week of the month- expected volatile moves for today”

1. on 26 Oct 2009 at 6:48 am1Adnan Butt

   Respected Dr,

   Good morning,

   What is th near future of eur/usd?

   1.5200 + or

   downtrend can start and
   what do you see the position in this pair at last of this week.
   plz explain

   Regards,
   Adnan Butt

2. on 26 Oct 2009 at 6:58 am2pipso

   Dear Doctor,

   For whole of last week, you were saying that today monday would be the day when big drop in eurusd will be seen, obviously you have changed your mind by reading the market, which is good. Can you please give a near/mid term forecast - are we going to see a major drop to 1.44 area which you have been saying for many weeks. Comments by yourself will be helpful, as traders took positions based on your strong comments. Thank you.

3. on 26 Oct 2009 at 7:30 am3Constantin Lucian

   Hi dr. , what can we expect from eur/gbp in this last week of the month? towards what level can we see the pair at the end of the week? Thank you for your time

4. on 26 Oct 2009 at 8:25 am4prince

   hi friends
   I have been foolowing gold and am surprised its been staying at 1055 for long. I had expected it to come to 950 levels. apparently some funds have been bullish on gold. but I still feel its overpriced. whats your opinions

5. on 26 Oct 2009 at 8:28 am5carlab

   Doc: With so many swings, slides, etce I dont get the final point for the end of the day. What are the trend expectations? Lower or higher than now, currently 1.5025? Tks very much.

6. on 26 Oct 2009 at 8:38 am6Francesco

   Hi Carlab,

   as per my understanding, EUR and GBP will swing today with no significative net changes, there are chances or going slightly above the highs but without particular further strenght.
   Traders are still not willing to take buy positions on EUR and GBP against the dollar, so players are focusing on EURGBP making the pair swing before an expected drop.

   Drop could happen tomorrow from US session when players will start focusing on majors again, trend reversal could initiate and EUR could drop more than GBP.

7. on 26 Oct 2009 at 8:45 am7carlab

   Tks very much Francesco

8. on 26 Oct 2009 at 8:46 am8Jack in AZ

   Dear Dr. When hedging, how many pairs are used: 1, 2, 3, etc?

9. on 26 Oct 2009 at 9:30 am9Dr. S. Sivaraman

   Dear Adnan Butt & carlab
   During early US session an upward stop hunt is expected.During that time they may go above high by 20-30 pips and then reverse EURO and GBP .the downward move is expected to happen tomorrow Japanese session onwards.
   Regards
   Dr.Sivaraman

10. on 26 Oct 2009 at 9:32 am10Dr. S. Sivaraman

    Dear pipso
    the possible exact turn around level we may see by this week end.If I give the levels early here traders tend to develop mental block and miss opportunities.So I am not giving long term levels here.
    Regards
    Dr.Sivaraman

11. on 26 Oct 2009 at 9:33 am11Dr. S. Sivaraman

    Dear Constantin Lucian
    EURO/GBP is expected to slide from tomorrow.
    Regards
    Dr.sivaraman

12. on 26 Oct 2009 at 9:37 am12Dr. S. Sivaraman

    Dear Jeeson Augustine
    It is the blog of fxstreet.It is meant for helping small traders to develop the market insight and no marketing here giving the links.
    Regards
    Dr.Sivaraman

13. on 26 Oct 2009 at 10:07 am13Jeeson Augustine

    sorry Dr,
    it was not for marketing but tracking the levels as I’m not using it to make money..once again sorry if it has offended anybody. I’ll not use the link and you can remove the links in previous postings.
    Jeeson

14. on 26 Oct 2009 at 12:13 pm14Greg Wilson

    From a technical view (GBPUSD), the last three 4 hour candles have been to the upside, higher highs and higher lows, with the 4 hr channel bottom acting as support. Price tested and then has popped through the recent intra-day high at 1.6325. When I look at the daily chart the GBPUSD is heading down. When I look at the 4 hr chart GBPUSD is possibly bottomed out, heading up. There has been a clear uptrend line on the 15 minute chart for several hours. These observations are not meant to take away from the players intentions, but the facts speak volumes about the market direction during the EURO session. As for the GBPUSD in the upcoming US session, market direction seems like a tough call.

15. on 26 Oct 2009 at 12:15 pm15Arthur

    Can anybody tell how many times so called “algorithem based forecsat” failed and how many times it worked?
    As per my observation, success rate is about 10%.

16. on 26 Oct 2009 at 12:24 pm16Jeeson Augustine

    My GBPUSD (free) view is European & UK players took sell positions (1.6313-295) during their start and US players took same positions but above 1.6351. It has to go down before firming up. The swing & slides are basic harmonic patterns that happens in each session. I hope Dr won’t mind the mention of levels here.
    Jeeson

17. on 26 Oct 2009 at 1:27 pm17Adnan Butt

    Respected Dr,

    Thanks for comments

    Regards
    Adnan Butt

18. on 26 Oct 2009 at 2:14 pm18prince

    is euro expected to go back to 1.47 levels?

19. on 26 Oct 2009 at 2:44 pm19Sam

    Jeeson, do you have an email address I can contact you at?

20. on 26 Oct 2009 at 2:46 pm20Greg Wilson

    US session: GBPUSD continues to firm up, currently 1.6380. Price has gone up 100 pips since last harmonic low at 1.6265. Nice pips for the players/traders who recognized upside opportunity. Price now 1.6385.

    Regards

21. on 26 Oct 2009 at 3:07 pm21Jeeson Augustine

    Yes Greg, players are at play and some hit ABCD harmonic targets.
    Sam you can search in google “Jeeson’s View on Economy & Finance” to contact me.
    I understand Dr’s point of view it may sound that I’m trying to sell my ideas but believe me I’m stuck in EURUSD since last 2 weeks like many in this blog and I only thought to share info and help each other out.
    Jeeson

22. on 26 Oct 2009 at 3:38 pm22Greg Wilson

    Jesson,

    I’m very sorry you’ve been stuck in the EURO for two weeks.

    Greg

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