Tag: forex currency trading

The pounds to dollars pair continues to cling on at the USD1.50 price region as the daily begins to look increasingly weak, but clearly not yet ready to capitulate. Yesterday’s price action, whilst ending the trading session marginally lower, still evidenced a lingering bullish sentiment,...

Last week’s price action for sterling was characterised by sideways price consolidation confined to a narrow trading range which appears to have resistance at the USD1.5241 price region, a price level that has been challenged on several occasions.  This level now appears to have created...

Once again yesterday the pounds to dollars pair struggled to breach the USD1.5227 price handle which is now forming a critical level of potential resistance to any move higher with yesterday’s candle closing as a small doji cross, indicative of an indecisive market and one...

Cable continued to limp towards the USD1.52 price point but fell back exhausted as the pair begins to run into potential resistance at this level and above, closing the day as a narrow spread up candle but with a small to the upper body.  Yesterday’s...

Despite yesterday’s minor pullback for the pound to dollar pair cable continues to defy expectations as it struggles higher in a long, slow gradual uptrend.  Yesterday’s price action, whilst restrained, once again featured the 9 day moving average which provided support to a test of...

Cable continues to push higher with yesterday’s wide spread up candle adding considerable momentum to the bullish trend which has now been firmly established as a result.  Yesterday’s low found strong support from the 14 day moving average with the close of the day finishing...

A minor pullback for sterling on Wednesday  which closed the forex trading session back below the psychological USD1.50 once again in a modest upwards trend. However, despite the lack of momentum this bullish sentiment seems set to continue with yesterday’s down candle finding support from...