A fascinating chart for all us interested in technical analysis and for those of you who are not the next paragraph may seem rather dull and unexciting! So why is the dollars to pounds daily chart so interesting? Let me count the ways; first yesterday’s candle was a classic shooting star at the top of [...]
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Dollars To Pounds – Pound Dollar Daily Chart 28th May 2009 (0)
Dollars To Pounds – GBP/USD Pound Dollar Daily Chart 27th May 2009 (0)
The dollars to pounds pair continues to flirt with the 1.60 price point with yesterday’s candle adding to the indecision and sideways movement of the last 3 days. Indeed on the daily chart it is interesting to note that both Friday’s candle of last week and Tuesday’s of this week are indicative of weakness in [...]
Dollars To Pounds – GBP/USD Daily Forex Chart 26th May 2009 (0)
Yesterday’s candle on the dollars to pound currency chart simply reflected the total lack of trading volume as a result of a national holiday in both the US and the UK, opening and closing the session at the same price and much the same as for Friday’s action. With the currency market more or less [...]
Dollars To Pounds – Daily Currency Chart GBP/USD 22nd May 2009 (0)
Not even the Standard and Poor comments about the UK’s Triple AAA credit status nor the IMF’s concerns about the UK economy (in particular its debt level), were able to dent the progress of the dollars to pounds pair, which continues to surge higher rocketing towards our initial target of 1.6 and now with 1.65 [...]
Dollars to Pounds Daily Chart 19th May 2009 (0)
Having facetiously suggested that yesterday we would see an up bar, purely based on the previous sequence of up and down days cable duly delivered with a wide spread up bar breaking above the 9 day moving average and closing well above 1.53 adding a bullish tone to the sideways movement of the last couple [...]
Dollars to Pounds – GBP/USD – Daily Chart 18th May 2009 (0)
The dollars to pounds pair continues to move in its metronomic pattern with each day reversing the previous day’s price action, in other words every up day is followed by a down day and vice versa, and therefore today we should expect an up-bar as Friday was a down bar!!! Lo and behold, and joking [...]
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3 comments since 2009-03-01 13:09:39Are We Heading For A Sterling Crisis ?
1 comments since 2009-01-25 12:49:32Pounds To Dollars - Dollars To Pounds Monthly Chart 1st June 2009
1 comments since 2009-06-01 17:55:02Pounds To Dollars - GBP/USD Daily Candle Chart 13th July 2009
1 comments since 2009-07-13 13:33:11Dollars To Pounds - GBP/USD Currency Rate Daily Chart 24th June 2009
1 comments since 2009-06-24 12:31:18Pounds To Dollars – Weekly Candle Chart GBP/USD 8th June 2009
As promised in Friday’s market analysis of the daily chart, I thought we would look at the weekly chart for the dollars to pounds pair, as this may provide a clue to the future direction for the pair in the medium term. As we can see, and certainly helped by the NFP data on Friday [...]
Pounds To Dollars Weekly Chart – 16th March 2009
Little to add to last week’s candle chart for the pounds to dollars currency pair. Last week’s candle provided a small hammer which finished well below all three moving averages but provides little in the way of direction for this week’s trading and only confirms that British Pound bears failed to break the 1.3500 level.
Although [...]
Pound Dollar Weekly Candle Chart – 9th March 2009
Last weeks candle provided little in the way of direction for this week, and the sideways movement continued albeit with a bearish bias, and until we see a breakout from the current trading range, in my view this pair is impossible to trade with any degree of confidence. Whilst the general sideways trend is bearish, [...]
Pounds To Dollars – 2nd March 2009
A glance at the weekly candle chart for the pounds to dollars currency pair is enough to confirm what we already know from the daily charts, in that the pair are consolidating sideways, with a skew to the downside, a view reinforced this morning with the gap down in early trading. The doji candle of [...]
GBP USD Weekly Update 23rd February 2009
Unfortunately the weekly candle chart tells us very little, either in the way of a new signal, or confirming anything that has gone before, ending the week with a narrow spread spinning top doji. In the last 14 weeks we have seen two bearish engulfing signals and one bullish engulfing, so on the balance of [...]
Pounds To Dollars – Weekly Candle Chart 16th February 2009
Following last weeks candle we now have a clear bearish engulfing trading signal for this week, with the wide spread down bar wrapping around the up bar of the week before. This is the second such signal in the last 2 months, which will tend to suggest we should expect to see lower prices this [...]
Pounds To Dollars – Weekly Candle Chart 9th February 2009
Last weeks candle saw an up bar to add to that of the previous week, which reached but failed to penetrate the key resistance level at 1.4800, although both the 9 week and 14 week averages were crossed. This is a very tough decision at the moment, and much will depend on the early part [...]
Pounds To Dollars – Weekly Chart 2nd February 2009
Last week saw a wide spread up bar on the pounds to dollars chart, which reversed the losses of the previous week, but provided little in the way of information for us as traders. The closing price on Friday failed to penetrate the 9 week moving average, and therefore based on the weekly analysis, the [...]
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