week beginning contrarian move
For a new week we see to start with the contrarian moves.EURO and GBP are in nominal positive net change.USD/CHF and USD/YEN are also in positive net change.GBP showing less positive net change than EURO,AUD showing more positive net change.These moves are mainly to make big moves in crosses.
The continued one sided move is seen in USD/CHF when EURO is holding the gains resulting in big move in EURO/CHF cross.This week USD/YEN may make a quick drop before the quick rise similar to USD/CHF.
During Japanese session EURO and GBP may make swing and slide moves.
During Early European session slide and gains may be seen during late European session.
US session may show swing and slide moves.During down move of EURO and GPB denominator currencies may also show downward move as the continuation of the contrarian move.Good time to trade crosses
Regards
Dr.Sivaraman
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Comment by Richard on August 15, 2011 at 7:14am -
dearDoc,
do u expect eur/usd to reach 1.42 today thanks.
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Comment by Dilbagh Sandhu on August 15, 2011 at 7:50am
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When can we expect eur/usd to rise up to 1.44 mark
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Comment by BA on August 15, 2011 at 8:12pm -
Looks like they were buying it below 1.43 for about 10 days-
Now they move it up to 1.45 range in one day and sell all their inventory and short some besides and wait for the next round of bull$hit bad news
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Comment by sam sab on August 17, 2011 at 2:47pm
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Dr.
Where do you see USD/CHF heading in the next few weeks? Thx.
Comment
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