GBP/USD Daily Candle Chart – 18th March 2009

Today news that unemployment in the UK has passed the 2m mark, a number not seen since the dark days of the 1970s did add some downward pressure to today’s pounds to dollars pair following the indecision of the doji candle yesterday.  The bearish tone...

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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...

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Pound Dollar Daily Chart – 13th March 2009

Following the hammer candle of Wednesday which was repeated yesterday the we are now seeing the British Pound rise this morning which comes as no great surprise breaking through the 9 day moving average and just touching the 14 day.   For any long term reversal...

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Cable Daily Candle Chart – 12th March 2009

chart I am really getting bored with this pair as yet again cable tries to find a floor against the dollar, with the falling wedge pattern still weighing heavily and likely to cause severe instability in the short term, hence my advice to be careful...

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Pounds To Dollars – Daily Candle Chart 10th March

Yesterday’s dramatic 400 pip fall has been attributed to the decision to start quantitative easing and to be honest came as a great surprise to many, including myself, particularly as the day was bereft of any fundamental news.  Yesterday’s price action is another example of...

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Pounds To Dollars – 6th March 2009

There is little I can say about cable, that I haven’t said before in the last few weeks, with much the same trend in place as on the euro dollar ( if you can all it a trend!), with the pair consolidating and trying to...

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Pound Dollar – Interest Rates March 5th 2009

Today of course is all about the fundamental news and economic news, with interest rate decisions both in the UK and Europe. The MPC is up first, announcing it’s decision at noon here in London, with Europe following 45 minutes later.  It is widely expected...

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