Volatile moves
EURO and GBP made the expected volatile moves.they are again expected to gain levels during US session.USD/CHF gained along with CHF crosses after week beginning false dip.We are pleased with intervention story.But last week when USD/CHF made the drop before NFP- there were comments that SNB could not continue to weaken CHF.Now after all the stopout of the long holders USd/CHF gained along with its crosses.So those had margin fear and over tradered condition were not able to get the benefit even though they perceived the market well.This is a lesson to understand.Over trading only make traders panic even though the market makes their expected moves after false move.
Tomorrow higher level consolidations may be seen in EURO abnd GBP to gain further levels in their CHF crosses.Then On thursday we may see again USD gaining moves.
During that time frame we may see quick drop and quick rise moves in USD/YEN and YEN crosses as they are all comingout of multi year levels.
Regards
Dr.Sivaraman
-
Comment by Shetej Gupta on September 6, 2011 at 2:58pm -
Hello sir,
Any comments on Aud/Usd, Nzd/Usd, Xau/Usd, Xag/Usd...?
Regards,
Shetej.
-
Comment by Dr. Sivaraman on September 6, 2011 at 3:24pm -
Dear SHETAJ
Thwy are expected to weaken from tomorrow.
Regards
Dr,Sivaraman
-
Comment by Shetej Gupta on September 6, 2011 at 4:03pm
-
Thank you sir...
Any idea about the target price.. that can be thought of? for these pairs..
-
Comment by Rony on September 6, 2011 at 4:39pm -
Dear Doctor,
Do you think Buy EURUSD at the current level (1.3985) is a wise move? or wait a little more..
thanks
-
Comment by Dr. Sivaraman on September 6, 2011 at 4:52pm
-
Dear Rony
the downside is limited.During stop hunts there may be 1.38 area shown briefly as they have done above 1.45 area on the upside.Wide range between 1.39-1.45 may be seen in this month.
Regards
Dr.Sivaraman
-
Comment by Rony on September 6, 2011 at 4:54pm
-
Thank you
Comment
© 2013 Created by FXstreet.
You need to be a member of FXstreet.com Forex Social Network to add comments!
Join FXstreet.com Forex Social Network