EURO and GBP opened low and dropped during japanese session to gain slowly from early european session.they are expected to gain further towards close of the session.US session may show swing and further gain moves.
Tomorrow again open low and gaining moves may be seen.Slow gains are intentional moves.After quick drop we see the slow gains to induce short sellering thinking that they are pull backs.More gains are expected in EURO and GBP in this week.USD/CHF is expected to swing and…Continue
EURO and GBP firmed up yesterday towards close.But without sustaining the high they are making the swing and slide during japanese session.
A quick drop and firming up may be seen during european session.if the firming up is not happening then then the drop during early US session may be big to make low lower than yesterday low.
Euro breached the initial low 1.4097 and staying below that for more than 30 min indicating atleast for 2 hrs a slide.USD/CHF may swing and gain during…Continue
it appears that the players want the short sellers in EURO and EURO/GBP to come for short covering before their drop.Hence we find the contrarian moves in commodity pairs - USD/CAD and AUD are showing positive net change.The quick drop in USD/CHF and also EURO/CHF is exteme move.still it is berter to avoid any trade there as the extreme moves may suddenly turn out to be very quick volatile moves.
Players are handling the crosses before coming to majors during last 2 days of this…Continue
When EURO is holding above initial high ,GBP is making the slide below the psychological level 1.65.We know GBP is the currency the players use to create market sentiment.
EURO/GBP is making the upward move because of contrarian move.Euro is expected to follow GBP way from mid European session after handling the crosses.
During last week drop time EURO was making more drop than GBP and EURO /GBP cross was dropped more.Now intermediary gaons are expected before further drop after mid week - during this process GBP is expected to gain more than EURO that may result in further drop of EURO/GBP.This is the way the players make one sided moves in crosses.
Now holding USD/YEN in a range they are making moves in in YEN crosses in tandem with the moves of EURO and GBP.We may see holdiing EURO and GBP in…Continue
After the gap time false rise euro came to the earlier level of 1.45 area.When the rise is not happening the higher level long holders are now induced to liquidate the long positions in EURO and EURO/GBP.hence holding gbp EURO made the drop a contrarian move - that was indicated by Majors making USD gaining move and the commodity pairs making USD weakening move during start of US session.
After handling the crosses there might be further fall in majors during monday Japanese…Continue