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

 

Views: 959

Tags: EURO, GBP

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?
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

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

Comment by Dr. Sivaraman on August 22, 2011 at 1:38pm

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

Comment by Shetej Gupta on August 22, 2011 at 2:13pm

Hello Sir,

What would you like to say about AUD/USD & NZD/USD..?

Comment by Dr. Sivaraman on August 22, 2011 at 4:39pm

Dear Shetej

Aud and NZD are expected to show more USd gaining moves before the majors in this week.

Regards

Dr.Sivaraman

Comment by fx on August 22, 2011 at 5:15pm

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

Comment by Dr. Sivaraman on August 22, 2011 at 5:19pm

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

Comment by tradesmart 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?
Comment by vjsamy on August 23, 2011 at 8:06am

thankyou dr

 

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