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Pound to Dollar Forecast

The pounds to dollar pair has finally pulled away from the USD1.60 price level following yesterday’s FED statement ending the forex trading session as a relatively wide spread up candle closing at USD1.6106 and as such holding above the key USD1.6089 price handle.  As such...

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Forecast for the GBP/USD – 1st November 2010

The positive sentiment following Thursday’s wide spread up bar spilled over into Friday’s forex trading session with cable continuing its recent upwards momentum, breaking and holding above the psychological USD1.60 level to end at US1.6044.  On the day, cable recovered from a low of USD1.5876...

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Pounds to Dollars Forex Forecast 20 Oct 2010

An interesting couple of days for the pounds to dollars pair which fell sharply yesterday (along with most other dollar pairs and commodities) as the Chinese interest rate decision rippled across the markets, before bouncing back today, much as expected, following the long awaited spending...

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Pounds to Dollars Forex Forecast 18 Oct 2010

An interesting signal on the pounds to dollars pair on the daily chart which ended on Friday as a deep shooting star candle which momentarily breached the USD1.60 price handle before closing back below at the original open of the day and forming a perfect...

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Forex Forecast Pounds to Dollars 15 Oct 2010

The pounds to dollars pair continues to climb higher, albeit in a relatively muted manner, with yesterday’s narrow spread up candle exhibiting a degree of weakness as characterised by a deep upper wick to the body of the candle.  However, this has failed to convert...

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Pounds to Dollars 13 Oct 2010

The pounds to dollars pair once again appears exhausted as it approaches the USD1.6000 price handle, repeating the pattern that we saw back in early August, which saw the pair retrench to test the USD1.53 price region before recovering.  Whether this pattern is repeated once...

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Pounds to Dollars Forex Forecast 11 Oct 2010

The pounds to dollars pair is at an interesting juncture as we test the underside of the psychological USD 1.6000 price handle once again which triggered the pullback of early August, with the pair failing to breach this level and falling from USD1.5994 to a...

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Pounds to Dollars Forex Forecast 6 Oct 2010

Yesterday’s wide spread up candle lifted the pounds to dollars pair once again from its recent sideways trading range in the USD1.58 price region, closing marginally above the USD1.59 price handle, having reached an intra day high of USD1.5930.  As such the pair has created...

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Pounds to Dollars Forex Forecast 4 Oct 2010

The pounds to dollars pair moved higher in forex trading on Friday, closing as a relatively narrow up candle ending the week of largely sideways consolidation, with the pair confined to a narrow range between USD1.57 and USD1.59.  It is interesting to note, however, that...

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Pounds to Dollar Forex Forecast 30 Sep 2010

The pounds to dollars pair paused yesterday, taking yet another breather in the USD1.58 price region, before pushing higher once again in this morning’s early trading as the US dollar continues to come into sustained pressure once again as evidenced in the usd index daily...

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