Pull back to slide again
EURO and GBP made nominal recovery towards close of US session and opened flat during Japanese session.they are expected to swing near high and may make a brief upward stop hunt and slide towards close of the session.During European session again some initial swing followed by a drop are the expected moves.quick drop and slow recovery may be seen during US session as week end move.
Next week either way big volatile moves are expected .Use trading strategies to limit the risk and maximize the profit when the going is good.
Regards
Dr.Sivaraman
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Comment by ceasar on June 24, 2011 at 5:22am -
Dr...what can be expected in AUD/USD...?
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Comment by Amit Singh on June 24, 2011 at 5:28am
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Doc,
I am a bit confused by the use of word "nominal" here. Yesterday at 6.00 the EUR USD was around 1.4300 and today it has almost recovered back and it is currently 1.4267 (well around 30 pips less but in the range).
Is it really nominal ?
I have seen your past posts where if market has gone against your expectations and returned in few days , you have pointed it out very clearly (e.g. USD JPY move at time of earthquake)as actions done by players and than bringing the market back to where it was . But I did not see anything this time where as the behaviour is quite the same.
How do you make a deduction?
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Comment by Vinay Nilakhe on June 24, 2011 at 6:51am
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Hello Doc,
Whats with USD CHF? Why is it so stagnant? What do you expect from this pair today & next week?
Regards,
Vinay
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Comment by jefe on June 24, 2011 at 6:54am -
Doc,
It's gap time pre london we are seeing EU and GU down moves- initially UChf and Ucad were up-- but now UCHF is contrarian. AU is down and UCad is up.
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Comment by Roshan Naidu on June 24, 2011 at 9:01am
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Dear Doctor, what level can we expect eur to pullback too? and then do a sell.
thank you
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Comment by Vijay Raghavan on June 24, 2011 at 10:31am
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"During European session again some initial swing followed by a drop are the expected moves"
Dr. Sivaraman,
Happened exactly as you predicted. Euro swung upto 4304 and dropped to 4210
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Comment by Gregor on June 24, 2011 at 12:38pm
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Dear dr.,
AUD/USD - 2h rule - is it a buy now?
Many thanks,
G.
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Comment by LuckyDice on June 24, 2011 at 1:46pm
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Gregor,
Sometime the 2hr rule works bang on time and sometime the Players are not done doing what they do or they are simply trying to draw out the frustration of Traders. Were i sit those shorts at 1.0600 will be taken out before they make a break down.
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Comment by Sundaram on June 24, 2011 at 3:04pm -
"..slow recovery may be seen during US session as week end move."
Yawnnn...it's going to be boring..Happy weekend! Thanks doc!
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Comment by sabbir on June 24, 2011 at 3:06pm -
also need to understand how they pushed AUD higher, without much buying they raised AUD and EUR, movements says it will be dumped and pure stop hunt, took advantage of the rise and took Short. made easy pips.
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