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

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Higher level swings before week end drop

Posted on October 15, 2009 at 7:31 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman10 Comments »

EURO and GBP are making now higher level swings and upward stop hunts now during japanese session and gap time.they are expected to quickly drop during early european session and rise again from mid European session.then after brief upward stop hunt towards close of european session they are expected to swing and slide during US session.tomorrow for week end they are expected to open lower during japanesession and slide and drop more as profit booking move.

prolonged higher level consolidation is known to lead to deeper corrections.

Regards

Dr.Sivaraman

Tags: EURO GBP higher level stop hunts

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