Home » Posts tagged "broker forex trading" (Page 3)

Pound Dollar 21 June 2010

As the markets wait for tomorrow’s critical budge from the new UK government, the short term outlook for the pound dollar will very much depend on the market’s view and whether it considers the Chancellor’s budget proposals are sufficiently severe to impact the current deficit...

Continue reading »

Pound Dollar Forecast 14 June 2010

The pound dollar continues to consolidate in a relatively wide range bound on the upside by USD1.48 and USD1.4250 to the downside.  Friday’s price action ended with a down bar but which found good support from both the 9 and 14 day moving averages suggesting...

Continue reading »

Pounds to Dollars 7th June 2010

UK’s sterling suffered at the hands of the US dollar on Friday and closed the trading session on a wide spread down bar breaking below USD1.45 and confirming the doji candles of Wednesday and Thursday which had signalled such a turning point.  Clearly the recent...

Continue reading »

Pounds to Dollars 27 May 2010

The pound dollar continues to consolidate in the current price area, having found support in the USD1.4250 region as it attempts to struggle higher as a result.  At present both the 9 and 14 day moving averages are presenting significant barriers to any rally, and...

Continue reading »

Pounds to Dollars 23 May 2010

Last week’s trading in cable was confined to a relatively narrow range with the currency pair attempting to re-base and build a platform of support in the USD1.42 price region.  Indeed both Monday and Thursday’s hammer signals suggested a modest recovery would be in prospect...

Continue reading »

Pound Dollar Chart 17 May 2010

Cable continues to march south with this morning’s gapped down opening adding further momentum to an already heavily bearish picture with sterling testing USD1.4250 in early trading before recovering somewhat to USD1.44 as the date of the UK budge was duly announced.  However, despite this...

Continue reading »

Forex Pounds to Dollars 11 May 2010

It seems that sterling is predicted to fall by at least 10% (according to J P Morgan) and  BNP Paribas even suggesting that the UK will lose its AAA rating should a Lib-Lab coalition be attempted.  However, the confusion surrounding sterling is clearly evident in...

Continue reading »

GBP/USD FX 6 May 2010

The rally in cable from the previous low of USD1.48 in late March now seems to have petered out and is in the process of forming a rounded top giving us a typically bearish technical picture as we now approach the psychological USD1.50 once again...

Continue reading »

Forex Pounds to Dollars 30 March 2010

The pounds to dollars pair continued its modest recovery yesterday as cable attempted to find some traction from the USD1.48 price level which is now pivotal to the medium term trend.  Yesterday’s narrow spread up candle closed well below all four moving averages once again,...

Continue reading »

Forex Pounds to Dollars 26 March 2010

Another weak day for the pounds to USD pair which closed yesterday’s trading session lower with a narrow spread down candle but one with a deep shadow to the upper body suggesting further selling pressure on the British Pound.  We are now approaching the key...

Continue reading »