Pounds To Dollars – 3rd March 2009

With the wide spread down bar from yesterday, I’m sure many retail traders jumped in this morning and went short, only to have been stopped out in the rally towards the end of Asia and the London open this morning. As I said yesterday, this...

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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...

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GBP/USD Daily Chart – February 27th 2009

Having just updated the euro vs dollar daily chart, the same advice applies here to the GBP/USD currency pair, and that is simply to stay out, until we see the current consolidation come to an end. There are ways to trade these markets, but as...

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Pounds To Dollars – 25th February 2009

The GBP/USD currency pair is becoming impossible to trade at the moment, along with the euro dollar and several other majors. All are behaving in a completely random way, and increasingly professional traders that I am in contact with daily, are waiting on the sidelines...

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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...

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