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Pounds to Dollars Forex Forecast 12 Aug 2010

In tandem with the euro vs dollar the pounds to dollars pair too reversed abruptly following the FOMC meeting and ended yesterday’s forex trading session as a wide spread down bar which closed below our shorter term moving averages.  Today’s price action has seen the...

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Pounds to Dollars Forex Forecast 9 Aug 2010

While the markets wait for this week’s fundamental news the pounds to dollars pair continues to flirt with the psychological USD1.60 price handle with Friday’s candle falling short at 1.5994 as today’s price action confined to a narrow price range and consolidating neatly below this...

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Pounds to Dollars Forex Forecast 5 Aug 2010

The price action in the pounds to dollars pair mirrored that of the euro to dollar, in other words desultory and confined to a very narrow trading range.  This comes on the back of both Tuesday’s and Wednesday’s price action which created a small tweezer...

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Pounds to Dollars Forex Forecast 4 Aug 2010

The pounds to dollars pair ended yesterday’s forex trading session as a narrow spread up candle which failed to breach the psychological USD1.60 level, falling short at USD1.5964 and to close marginally lower.  Following the recent sharp rise in the pair we can expect to...

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Pounds to Dollars Forex Forecast 2 Aug 2010

The pounds to dollars pair continues to rise from the ashes with Friday’s wide spread up candle using the 200 day moving average as a springboard to bounce higher and ending the week fractionally below USD1.5700.  As such this has further confirmed the bullish momentum...

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Pounds to Dollars Forex Trading Chart 28 July 2010

The pounds to dollars pair continued its bullish momentum yesterday, ending with a strong trading signal as the session closed above the 200 day moving average at just below USD1.56.  This has further confirmed the bullish momentum for cable, further reinforced by the break above...

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Pounds to Dollars Forex Trading Chart 26 July 2010

Friday’s wide spread up bar for the pounds to dollars pair injected further bullish momentum which has continued in today’s London forex trading session, as the pair creep above the psychological US1.55 price handle which marks the top of recent price congestion and as such...

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Pounds to Dollars Forex Forecast 20 July 2010

The failure of cable to breach the USD1.5472 price point both on Thursday and Friday last week now appears to be gaining increasingly significance as a potential turning point from the recent rally of early May.  Yesterday’s narrow spread down bar further confirmed this potential...

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Pounds to Dollars Forex 16 Juy 2010

The gbp usd continued its recent short term bullish trend, helped along by the FED’s minutes, ending yesterday’s trading session as a wide spread up candle which touched USD1.5472 as the high of the day and closed marginally below this level at the end of...

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