Wednesday, 11 November 2009

My Forecast


{9/11/2009 08:20GMT} On GBPJPY in next 7 days it should hit 148.40; I was joking in next 48 hrs [****] bit late one star removed for timescale
11:40GMT EURUSD to fall 30 pips now at 1.5029
11:10GMT advise for evening stick with Players BUY/SELL Levels no harm to your a/c
11:00GMT Oops I left my PIPs tap open - enjoyed the ride on Short on GBPs!!
10:50GMT Must thank Mr King & Mr Riley for some great PIPs
10:40GMT All GBPs rocking book the profits - be a average greed
10:00GMT Traders Tech indicator points to GBP slide - wait for the inflation [*****]
09:40GMT Hold onto BUY/SELL Levels for GBPs we may see playing with these levels based on data ..wait till 10:30 data on inflation (key data)
09:10GMT About the Gold question I don't expect major falls till late Jan2010 a small fall in Dec is predicted as per forecast - don't have levels at this moment.
09:00GMT Those who following Dr Sivaraman's blog and asking question about EURUSD 1.44 levels - next 8 days will answer your question as players will get aggressive.
08:30GMT get ready for the UK data buildup - go with the trend (best approach)
08:00GMT UK traders are expecting bad news in data based on market sentiments
06:20GMT As mentioned in chat session GJ to drop to 149.50-30 from current level 150.03 after a brief up trend
04:30GMT interesting insight from Valeria Bednarik, on GBPUSD 240 chart "Gbp/Usd is fighting the 20 SMA in the 4 hours charts, that usually acts as strong dynamic support/resistance level".."suggesting support zone at 1.6640/60 area won’t be easy to break. We need to see a clear acceleration there, to see the pair reaching the 1.6600 area, next support for today, followed by 1.6550 area. To the upside, resistances come at 1.6700, 1.6735 and 1.6780."

04:10GMT JPYs trying their low - chances of bearish for rest of the week is strong.
02:30GMT GU to go down by 30 pips from current level [**] did 20pips

02:00GMT I was reading another blog where yesterday's forecast was swing, slide & drop heavy towards end of US session. I think the idea was that today US markets are closed and one assumes that traders will close their trades and book profits. My thinking is that; it already happens on every friday why should they do it on a mid-week. If I'm not sure I would rather not forecast than sending my blogiewers to wrong direction.
00:00 GMT Good Morning, Today my target is 100 PIPs i.e with GBPs data I can only wish I get more. US markets are closed so I'll take break after UK data is out. Have a good trading day.

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