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Expected market moves for week end

Posted on November 20, 2009 at 3:36 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made quick dip yesterday during early US session and later firmed up  as envisaged.

they are expected to make a slide and drop during japanese session.

Quick rise during early European session and then drop are expected moves  during European session.

Volatile moves are expected during US session - A quick drop during early US session and then firm up during mid US session and  then slide towards close are expected moves for week end.

Denominator currencies are expected to swing and rise to confirm USD gaining moves.

Regards

Dr.Sivaraman

32 Responses to “Expected market moves for week end”

  1. on 20 Nov 2009 at 6:14 am1leon

    if you had that much knowledge of what will happen you would have been a millionaire by now and since millionaires don’t waste time as much as you waste on this internet!

  2. on 20 Nov 2009 at 7:14 am2Jimbo

    Leon,
    It is obvious you really don’t know many millionaires. Some people have achieved what they want to in life and try to help others to succeed (earning money is not everything). Please don’t waste your own time with idle comments. Life is too short. It’s quite obvious that the Dr’s blog has hurt you financially. That is why you are continuing to try to hurt the Dr by your silly comments. The Dr has seen similar comments such as yours many times before (when things have not gone with the forecast), you are not really helping anyone and just making yourself look foolish.
    Have a strong coffee and wake up to reality. You’ve lost money (perhaps not used correct money management, overtraded or whatever, don’t post silly fictional trades). Learn from your mistakes and move on !

    PS. I shall not be engaging in a slinging match with you, as I have said what I wanted to, call me whatever you want :-)

  3. on 20 Nov 2009 at 7:16 am3Francesco

    Good day Dr.Sivaraman,

    can we therefore be positive on USDCHF and USDJPY also?
    It actually seems that denominator currencies are still in their ranges and don’t have the necessary power to break out.

    About EUR and GBP, I would try to sell on strenght around 1,4950 and 1,67.
    Do you think even higher levels could be seen today?
    In that case, yesterday’s USD strenght move would be just a bounce as it has usually happened in these last two months.
    I wonder if month end could instead bring some trend reversal.
    Funds (and maybe players also) might be in need to unwind their USD shorts before year end.

    Regards,

  4. on 20 Nov 2009 at 7:39 am4carlab

    Doc: What are the low levels to be seen today in EU and GU according to forecast? Should we breadk 1.48 and 1.6530? Tks

  5. on 20 Nov 2009 at 7:49 am5admin

    #4 Watch your language, please.

  6. on 20 Nov 2009 at 7:54 am6leon

    admin
    Well this forecasts are WRONG and you are not doing anything.why?

  7. on 20 Nov 2009 at 8:35 am7admin

    #7 Forecasts by definition aren’t right or wrong. Use the information with care or not at all. Please read our disclaimer at the bottom of this page.

  8. on 20 Nov 2009 at 8:54 am8Dr. S. Sivaraman

    Dear Francesco

    denominator currencies are making slow rise - buying happening during rise.But slow rise in numerator currencies are showing dumping moves during firming up moves.We could see swing and slide in euro and gbp, and rise in denominator currencies during the day.
    Regards
    Dr.Sivaraman

  9. on 20 Nov 2009 at 8:55 am9Dr. S. Sivaraman

    Dear carlab
    If they cut the lows in euro and gbp before 11:00 GMT then we could see quick drop during late european session and new lows could be significanly lower- keep in mind the net permissable level as limit for the drop.
    Regards
    Dr.Sivaraman

  10. on 20 Nov 2009 at 8:59 am10Erik

    Dear Doc, what is in your experience the daily and weekly potency of EUR/GBP?

  11. on 20 Nov 2009 at 8:59 am11Dr. S. Sivaraman

    Dear admin
    thanks for the itervention and explaining here that the forecast can only be used as addition input, if found useful,for market analysis and the market may or may not move as per the expectations.
    Regards
    Dr.Sivaraman

  12. on 20 Nov 2009 at 9:05 am12Dr. S. Sivaraman

    dear Erik
    There is no direct limitation or weekly potency for crosses as the corrosponding majors have their limitations.

    Mostly, when euro has 350 pips and gbp 600 pips limitations -the combined or cumulative net change is not seen any time in EURO/GBP.
    Mostly YEN crosses make such weekly spreads combining the net change of EURO or GBP with USD/YEN.

    Regards
    Dr.Sivaraman

  13. on 20 Nov 2009 at 9:05 am13Arun Kandyal

    Hi Sir
    They have cut the low in GBP before the 11:00GMT.do you expect drop is buy opportunity or wait for the net permissible level for the day.do you expect rise during us session.your views are great for me and appreciate fot it thx Sir.
    Regards
    Arun Kandyal

  14. on 20 Nov 2009 at 9:08 am14pipso

    Dear Doctor,
    USDJPY did not move as per your comment yesterday, there must be some reason to it. Do you see it might break the low of 7/8 Oct 2009 (87.9) before rise? Thank you

  15. on 20 Nov 2009 at 9:09 am15Dr. S. Sivaraman

    Dear Arun Kandyal
    Players are selling pip by pip- may not make any strong pull back.
    buy and sell trade may not work well.
    Regards
    dr.Sivaraman

  16. on 20 Nov 2009 at 9:12 am16Dr. S. Sivaraman

    Dear pipso
    When euro and gbp show more negative net change currently. usd/yen is showing just negative 07 pips net change.We could see usd gaining move in that as well.probably players are waiting for a trigger to rise it.
    Regards
    Dr.Sivaraman

  17. on 20 Nov 2009 at 10:18 am17smith

    Doc, regarding gold we can see a very slow reversal but perhaps it will work. What do you think the low levels what you forecasted one or two weeks ago can be reachable. To happen this a very significant downward correction has to come the same what we have seen on the upside. Is there any reality of that?

    regards,
    smith

  18. on 20 Nov 2009 at 10:49 am18Arun Kandyal

    Hi Sir
    What could be the low for GBP today and month end.Do you expect a pull back from current level and Monday they could again drop GBP as a false move and then rise what’s your views Sir thx.
    Regards
    Arun Kandyal

  19. on 20 Nov 2009 at 10:50 am19Dr. S. Sivaraman

    Dear smith
    gold makes similar moves to that of GBP.
    it will be active unusally for some days then unassumingly slide and when traders estimate as good entry raneg ,it swings in that area for some time without much pull back,then show the vigor make sudden drop and drop move to change the sentiments.So big ranges are their potencies on the upside and down side.Now gold appears to be targeting the downside.waiting for buyers.
    Regards
    Dr.Sivaraman

  20. on 20 Nov 2009 at 11:09 am20twitter-fxi

    This weekend many brokers are putting the new NFA regulation into effect. Depending on the pair(s) traders are trading their money needed for each trade can increase by as much as 60%. We may see either not a whole lot of movement as the players will try to use the weekend to trap the little traders who didn’t prepare properly - or - we may see some crazy movement as they try to take out the weaklings before the weekend.

    Should be interesting to see what they do and show us a little of how the psychology of the “Big Players” works…….

  21. on 20 Nov 2009 at 11:22 am21Dr. S. Sivaraman

    Dear Arun Kandyal
    Players are normally known to lighten their positions for week end.they could make next week week beginning false move and continue the trending move during nezt week.
    Regards
    Dr.Sivaraman

  22. on 20 Nov 2009 at 11:47 am22pipso

    Dear Doctor

    GBPUSD is seen to slowly losing levels, however eurusd is not, why is that? Will eurusd loose the level before year end? As you are expecting big gains before year end. Thanks

  23. on 20 Nov 2009 at 12:28 pm23Arun Kandyal

    Hi Sir
    The way GBP loosing from 1.6874 high, do you expect it will recover like that before month end or year end thx.
    Regards
    Arun Kandyal

  24. on 20 Nov 2009 at 12:37 pm24Arthur

    Dear Dr,
    I won’t congratulate you for today’s good call because,after many weeks of incorrect forecasts, this could be a chance thing.(Speaking objectively and scientifically)

    Yet again I would apprecaite your insight and market knowledge.SIMPLY MARVELLOUS.You might not be able to time the market moves but you are certainly able to earn from the market.

    I am sure you would have earned millions using your knowledge and strategy.
    Once again thanks a lot for regulerly taking time out to guide us folks.

  25. on 20 Nov 2009 at 12:46 pm25Dr. S. Sivaraman

    Dear pipso
    During drop also they handled euro/gbp - rised.Now we could see during us session gbp making less slide and euro making more to reverse euro/gbp.
    Regards
    Dr.Sivaraman

  26. on 20 Nov 2009 at 12:47 pm26Dr. S. Sivaraman

    Dear Arun Kandyal
    next week we will be able to get more clarity about their year end moves.
    Regards
    Dr.Sivaraman

  27. on 20 Nov 2009 at 2:05 pm27Jimbo

    Hi Doc do you think that we will see any sort of pull back on GBP/USD today, or do you think it will be nominal with the net change maxing out later in the US session ?

  28. on 20 Nov 2009 at 2:07 pm28Adnan Butt

    Respected Dr,

    is it time to buy eur/usd
    on dips

    or wait for more downtrend

    plz guide

  29. on 20 Nov 2009 at 2:26 pm29Constantin Lucian

    we can buy eur and gbp when and if 270(gbp) and 160-170 pips net change happens (with at least 2-3 hours before week close) and on small pullbacks from extended net changes we can set stop to break-even and wait for next week(or book profit today 20-30 pips)…this what i will try to do

  30. on 20 Nov 2009 at 4:43 pm30ChrisH

    Constantin,
    Where is the forum that you said you had a few days back? I’d like to go there and learn more. Thanks!

  31. on 20 Nov 2009 at 5:33 pm31Constantin Lucian

    http://frxsmtraders.blogspot.com/

    I want to make it clear that this blog is for educational purposes, derived ONLY from doc’s teachings…only to help new traders, so dr. i hope you agree with this blog. Also “veterans” from dr. blog that are contributors to my blog please fell free to post your knowledge

  32. on 20 Nov 2009 at 6:23 pm32ChrisH

    Excellent; that’s what I was looking for! a way to learn more of the Dr.’s teachings and their application.
    Thanks!

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