The pounds to dollars pair is at an interesting juncture as we test the underside of the psychological USD 1.6000 price handle once again which triggered the pullback of early August, with the pair failing to breach this level and falling from USD1.5994 to a...
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Pounds to Dollars Forex Forecast 19 July 2010
An interesting week for the pounds to dollars pair which ended the forex trading session on the weekly chart as a narrow spread up candle but with deep wicks to the top and bottom. The high of the week ran into resistance from the 40...
Pounds 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...
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...
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...
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...
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...
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...
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...
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...
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