Week beginning expected market moves
EURO and GBP made a quick rise and drop moves on Fiday week end close time.
Today -22Nd Aug for the new week beginning false moves may be seen in the form of firming up moves.
During Japanese session swing and firm up moves are expected.
European session may show firm up and drop moves and US session there may be swing and firm up moves.Euro and GBP may gain some levels along with the gains in denominator currencies.When EURO and GBP show some drop moves tomorrow there may be further gaining moves in denominator currencies -all showing USD gaining moves for a day.In this process yen crosses and European crosses may show gaining moves excepting EURO/GBP.More contrarian moves may be seen in majors to handle the crosses.Trade with care.
Regards
Dr.Sivaraman
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Comment by MarlonF on August 22, 2011 at 9:52am -
any views on gold and silver? where they are heading and do we expect a pull back before that?
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Comment by Dr. Sivaraman on August 22, 2011 at 12:05pm -
dear Marlon
GOLD is making multi year trend reversal move.earlier the big moves in AUD 1.10-0.99 was done.Similar moves are expected in gold.Silver is making gains because of Gold but it has done the trend reversal move earlier rising upto 48 area.But small traders may not be anle to with stand such big moves with limited equity.If you try to trade then the suggestion is to use hedging to make eitherway trades.next week Gold might fo in for big fall- just an estimate only.
Regards
Dr.Sivaraman
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Comment by vjsamy on August 22, 2011 at 12:24pm -
DEAR SIR
WHAT WILL HAPPEN TO EUR/CHF
I ALREADY BOUGHT EUR/CHF SHALL I KEEP IT OR SELL
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Comment by Dr. Sivaraman on August 22, 2011 at 1:38pm
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Dear vjswamy
EURO/CHF has done the drop as week beginning false move.The gains are expected in coming datys.Once it goes above 1.15 we may see more aggressive gains.
Regards
Dr.Sivaraman
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Comment by Shetej Gupta on August 22, 2011 at 2:13pm -
Hello Sir,
What would you like to say about AUD/USD & NZD/USD..?
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Comment by Dr. Sivaraman on August 22, 2011 at 4:39pm
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Dear Shetej
Aud and NZD are expected to show more USd gaining moves before the majors in this week.
Regards
Dr.Sivaraman
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Comment by fx on August 22, 2011 at 5:15pm
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Hi sir, was reading your blog, can you please tell me what swing and firm means (i know firm up means going up?) whats swing?
regards
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Comment by Dr. Sivaraman on August 22, 2011 at 5:19pm
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dear fx
swing means making moves with in the range of daily high and low -they may do the swing closer to high without breaching the high or closer to low without breaching the low aswell in a narrow range of 15-25 pips.
Regards
Dr.Sivaraman
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Comment by majimaji on August 22, 2011 at 5:40pm -
dear dr, i want to short euroaud for atleat 500 pips, do you think its a nice swing trade?
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Comment by vjsamy on August 23, 2011 at 8:06am
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thankyou dr
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