Expected market moves for week beginning (30th May)

Monday (30th May)  - the given below is the expected market moves derived from the forecast algorithm.

it may or may not happen- still I am posting it here for those who wish to have the forecast before hand.I suggest traders to use it as an additional input for their trades if feel usable and those who want to reject can do so and give suggestions to improve it if they want to do so.

It is not trade recommentation and may be used to understand the collective behavior of the traders.

EURO is expected to open lower and swing till mid Japanese session and slide.GBP may hold high and try to create bullish feel during japanese session.

Towards close of Japanese session EURO may slide initially and GBP may follow.

After some dip during gap time before European session EURO may quickly rise and slide.That time GBP may slide without any pull back.Late European session may show quick rise and quick drop as reaction to some news or data.

During gap time GBP may slide and EURO may hold and swing,then from US session start a quick drop may be seen till late session.

I have not given any levels here and traders may use the live market quote page and track the type of market moves and understand whether they intend to drop or to rise EURO and GBP during the day.

any type of market analysis can go wrong and deviate from the actuals.So I request the traders to use the stop to limit the risk.

those who want to contribute their ideas are welcome.they can use any type of study and give their expectations.Those want to simply say the system does not work and the market may go opposite of the expectations can also give their calls and suggestions to me and other readers.

I have given the calls based on the GMT time as the market is 24 hrs .

Regards

Dr.sivaraman

 

Views: 101

Tags: EURO, GBP

Comment by Greg on May 29, 2011 at 6:55pm

Thank you Doc.

 

Regards.

Comment by Recuva Ball on May 29, 2011 at 8:07pm

Finaly appropriate language. Congrats!  Btw eur/usd is already (20h00 gmt) at 1.4330  almost 15 pips above friday close. Prediction in a week of NFP and ECB press conference  is like gambleing at roulet. I think that HUGE improvement of this blog should be to limit market reading only after market movers ..couple of time a week or similiar. So much unpredictible moves will be avoided, so many wrong forecasting will be terminated  etc... Have a nice week!

 

Comment by Recuva Ball on May 29, 2011 at 8:34pm
tomorow will be rain or may be a sun.. use umbrela if rain..use sunglasses if sun shine..but rain may be during sun shine and sun shine may be during rain..so keep in mind that it would be neceserry to keep and umbrela and sun glasies all the time..except gap time when may be sunshine but stil keep in mind that it mat be rain... if You find  some pips for profit in all this You should ask for Nobel prize.  :)
Comment by Bassam A. Muhammad on May 29, 2011 at 9:12pm

Dear Dr , Because of EUR strong move Friday on the opposite of the expected slide , some are saying that the EUR is changing its course and reversing from down trend to up trend again, do you see that or you beleive it has to go below 1.39 or lower first before turning up again

Thank you

Bassam

Comment by Bassam A. Muhammad on May 29, 2011 at 9:15pm
Hello Recuva , Nice one on rain and sun :)
Comment by Dr. Sivaraman on May 30, 2011 at 2:41am

Dear recuva

You have made my job simple.I have been telling that keep the contigency plan in hand while trading.Any time the unexpected can happen in the market.Hence all analysts recommend trading with stop.if we fail to keep the contigency plan and blame the weather man and do crisis management,we are the one affected.So assume responsibility for one's own trade and handle.

I can also understand impulsive people at times tend to get angry with the weather and weather man.but the weather and weather man continue to exist.

Regards

Dr.Sivaraman

Comment by Deshi on May 30, 2011 at 3:33am
like it....
Comment by ATF on May 30, 2011 at 4:23am
well said doc!!
Comment by Santosh Tiwari on May 30, 2011 at 5:03am

OK , pure on the verbal duel going on here ,just to highlight , the point was completely missed here by doc. People do get angry with the weather , People get angry with weather man who is supposedly having some knowledge of weather , advises people on what weather they can expect , hence they are called "weather man" . If they make statements which prove again and again wrong and keep telling people "it is weather , what can I do , It can do whatever it want . you should have carried everything to protect yourself from any kind of weather " , then he is no longer the weather man , he is a pretend man claiming to be capable of predicting the weather and mis-utilising the title "Weatherman". Yes these weather man continue to exist , because new people continue to tune into weather station and over time realising that that they need some body who is better at that .

For everybody who is going to be angry with this - this comment is pure to explain a point which was made in a statement and mis-intepreted and inadequetly responded .

 

Comment by Rony on May 30, 2011 at 6:01am
Those who cannot trust a  weather man , they have the choice of hundreds of other channels to watch! why waste time tuning the same channel?

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