Forex Technical Analysis: Pounds to Dollars With a quiet day of fundamental news yesterday, the pounds to dollars pair traded in a relatively narrow range, but once again the UK pound was under pressure, failing to take advantage of the continued US dollar weakness, and...
Pounds To Dollars – Currency Chart 21st September 2009
Forex Technical Analysis – Pounds to Dollars The pounds to dollars currency pair, ended the week with a bearish tone once again, closing the trading session with a wide spread down bar which finished well below all three moving averages once again as the pair...
Pounds to Dollars Forex Analysis 16 Sep 2009
Forex Technical Analysis Unlike the euro vs dollar which is benefitting from systemic dollar weakness, the pounds to dollars pair is failing to capitalise and remains waterlogged in the USD1.65 region and yesterday’s comments from BOE Governor King did little to help Sterling which reversed...
Forex Trading Analysis – Pounds To Dollars 26th August 2009
Forex Technical Analysis Yesterday’s candle for the pounds to dollars pair, provided an interesting discussion point for today’s forex technical analysis for the pair, as the narrow spread down bar closed the forex trading session well below all three moving averages, and more importantly deep...
Forex Trading Analysis – Pounds To Dollars 25th August 2009
Forex Technical Analysis Listless and lifeless would best describe the pounds to dollars pair at the moment, as thin trading volumes and a lack of meaningful fundamental news combine to create a market lacking in direction or momentum. Friday’s candle summed up the mood with...
Forex Trading Analysis – Pound vs Dollar Chart 24 Aug 2009
Forex Technical Analysis Last week’s price action on the pounds to dollars pair was indecisive to say the least, and Friday’s candle really summed up the week, ending the trading session as a long legged doji sandwiched between all three moving averages. Trying to forecast...
Forex Trading Analysis for Pounds to Dollars 20th August 2009
Forex Technical Analysis Yesterday’s forex trading pattern for the pounds to dollars pair was dominated by the voting decisions of the MPC which, contrary to expectation (mine included) included the revelation that Mervyn King, the Bank’s Governor, was among a minority of three MPC members...