"EUR/CAD’s pop higher above 1.42 seems to have stalled today. Intraday patterns of trade look soft, with the 6-hour charts suggesting a minor high is in for the session. That may see the market gravitate towards the mid/upper 1.41 area in the next few days—where the 40-day MA currently resides (1.4167). The pivot point for a lot of the chop seen in the market in the past few sessions at 1.4125 is not under immediate threat and, given the swings in the market over the past few days, we would…Continue
Added by Daologic on November 25, 2013 at 5:04pm — No Comments
"FX Set-up: USD Mixed, Focus on Commodity FX
EUR/USD has taken back more than 3/4 of the sell-off seen earlier in the week on the back of the negative depo rate…Continue
Added by Daologic on November 22, 2013 at 1:25pm — No Comments
"EUR/CAD continues to chop narrowly around the 1.41 area where the 28– and 40-day MAs are converging. The near-term direction for this cross remains somewhat uncertain. The weekly reversal from the mid 1.44s around the turn of the month suggests an important top is in place. The break below 1.4125 support also suggests that downside risks are mounting. But the sell off seems to have generated little follow through interest so far and the EUR has found good support on dips, with the base of…Continue
Added by Daologic on November 19, 2013 at 7:33am — No Comments
"EURUSD BEARISH As long as resistance holds on closing basis at 1.3501, there's scope for resumption of weakness to test the support at 1.3293 and then 1.3166. Only a close above 1.3501 would prolong the recovery to 1.3564.
USDJPY BULLISH The pair extends its strength approaching resistance at 100.61, a break above which would open 101.53. Support is at 99.11 ahead of 97.62.
GBPUSD NEUTRAL The next main resistance is at 1.6260. Support is at 1.5989.
USDCHF BULLISH While support…
§ The Commitments of Traders Report showed another week of surging demand for USD exposure as of Tuesday, November 12th. Overall activity among…Continue
Added by Daologic on November 18, 2013 at 7:36am — No Comments
"Dollar strength has extended into the European session, as the retracement after the pre-release of Yellen’s speech yesterday—and the related spike in EUR/USD—continues. The euro, however, is managing to outperform all other G10 currencies, while the market continues to be focused on US events.…Continue
Added by Daologic on November 14, 2013 at 12:05pm — No Comments
After the downward moves on Friday,the market appeared gaining levels during early japanese session.Suddenly EURO made the extended downward move below initial low and confused the traders that there could be further sell off.But in 30 min they gained the levels to initial low 1.3480 and stayed there for another 1:30 Hrs and gained above initial low .A perfect example of extended move.This has to be alternate with upward intentional move - so we can predict their moves before…Continue
Added by Dr. Sivaraman on November 4, 2013 at 7:12am — No Comments
Now we may learn that the slow rise on Friday is not the weakness of EURO and GBP....the players slowly gained levels and accumulated all the sells from the nervous traders.
Now they are used some excuse and made upward gap opening and further rise to surprise the traders.
What is expected from now on?
I will be giving the forecast for this week 16-20 september during my "Asian session Live market analysis " webinar today (16th Sep)…Continue
Added by Dr. Sivaraman on September 16, 2013 at 2:50am — No Comments
After yesterday week beginning false move we now see the visible gaining moves in EURO and GBP.
More new highs may be seen during this process.
I will explain more about this move tomorrow during my monthly twin webinar " tracking the forex market together " part I and part II.
The link to register are displayed in home page of fxstreet.com .
The market made the big extended stop hunt again before making visible gains.This time the story of USD positive data was used to drop quickly EURO and GBP.later the Gold story is used in the absense of any other data to give a big pull back and further visible gains in EURO and GBP for the week end.
Players are here to continue giving such sentiment change stories to be published by others so that common traders tend to accept the story and book loss or stop…Continue
Good day.Yesterday you might have seen the extended downward stop hunt in GBP - a drop from 1.53 area to 1.52 area and quickly reversed and rise to 1.54 area in a short time frame with in the European session.This indicate the upward shift in trading zone in EURO and GBP.
EURO and GBP are expected to make less dip and more rise moves in coming days to go above all the so called immediate resistances.
Next USD/YEN and USD/CHF are to make sudden upward shift in…Continue
Here Is my EUR/AUD H1 chart. Upcoming major resistance @ 1.2730 zone.
looking to place a sell limit order for a quick bounce down to…Continue
Yesterday we have seen week beginning false move on the downside and then rise from European session onwards.
Today more gaining moves may be seen.
I have explained in detail the expected market moves during this week during my webinar time.
The recording of the webinar is available in the given below link:
Added by Dr. Sivaraman on January 8, 2013 at 8:16am — No Comments
I have explained today during my webinar the expected market moves for this week.
The link for the video is given below:
The market is expected to be very qyuick and aggressive till mid January.Extended moves could be seen to attract margin calls…Continue
Added by Dr. Sivaraman on December 31, 2012 at 10:53am — No Comments
We are now seeing slow and steady upward move - this is the process of upward shift in trading zone.EURO/USD,GBP/USD,USD/YEN are making contrarian moves to make upward moves in YEN crosses - soon we may see people talking about carry trade in different name.
USD/CAD and AUD are not participating.USD/CHF is expected to rise again similar to USD/YEN after this quick downward move.
All majors we can buy during small dips and they are expected to rise and rise with small…Continue
Added by Dr. Sivaraman on December 19, 2012 at 12:46pm — No Comments
I have explained the expected market moves for this week 17-21 December and also what could happen during year end in my webinar given today.
You can get the video of the same by clicking the given below link:
As I have some other works to focus on I will…Continue
Added by Dr. Sivaraman on December 17, 2012 at 12:27pm — No Comments
On monday we saw dip in EURO and GBP as week beginning false move and then they gained levels.Tuesday they made the eitherway moves - dip during early part of the day and rised during European and US sessions as Intentional move.
Today wednesday - mid week - they are expected to make dip during early part of European session and then rise during late European and US sessions .
Today (12th Dec) I will be presenting " Tracking the forex market together "…Continue
Added by Dr. Sivaraman on December 12, 2012 at 5:04am — No Comments
The expected market moves for the week 10-14 December is explained today during my " Asian session: Live market ".The recording of the webinar is given below:
You can view the webinar and use the expected market moves as a guidance while taking trading…Continue
Added by Dr. Sivaraman on December 10, 2012 at 8:20am — No Comments
Now that EURO,GBP and USD/YEN reached their bottom ( extimated bottom) they are expected to firm up and rise after some volatile moves during NFP data release time (13:30 GMT).
As I have explained during the webinars first week of the month they make the volatile moves and set the tredning moves from second week of the month.
This week - Monday and Tuesday they have been holding high and building sell positions but we mostly perceived as buy opportunities but…Continue
We have come to the last month of the year.The market is known to make year end trend reversal moves - mostly it will be very volatile moves throughout the month.So it may be wise to do swing trades during this time trade using the right trading strategies.
I have explained the expected market moves for the week -03-07 Dec and also following weeks during " Asian session: Live market analysis " webinar.
The recording of the same is available in the given below…Continue
Added by Dr. Sivaraman on December 3, 2012 at 7:30am — No Comments