Home » Posts tagged "forex technical analysis" (Page 3)

Pounds to Dollars Forex Forecast 6 Sep 2010

The pounds to dollars pair continued to trade sideways once again on Friday reversing Thursday’s modest loss and ending the forex trading session as a narrow spread up candle which ran into resistance at the 9 day moving average as a result.  With the current...

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Pounds to Dollars Forex Forecast 2 Sep 2010

The pounds to dollars pair continues to trade in a narrow range but with a bearish bias and despite yesterday’s modest rally the tone remains negative for cable.  Yesterday’s attempts to rise appears to have been capped by the 200 day moving average which also...

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Pounds to Dollars Forex Forecast 1 Sep 2010

Despite today’s modest rally in cable the pounds to dollars pair continues to trade with a heavily bearish bias following its recent failure to breach the USD1.60 price point as the pair trade at USD1.5451 at time of writing.  Yesterday’s wide spread down candle was...

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Pounds to Dollars Forex Forecast 26 Aug 2010

Like the eurodollar the pound vs dollar pair continues to cling onto its recent short term gains but increasingly looks to be weak.  This has been evidenced in trading this morning during the London session with an attempt to rally having been capped by the...

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Pounds to Dollars Forex Forecast 24 Aug 2010

The pounds to dollars pair continued to slide lower yesterday ending the forex trading session as a relatively narrow spread down candle as the pair begin to form a falling wedge pattern on the daily chart, which has been extended further in today’s muted price...

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Pounds to Dollars Forex Forecast 23 Aug 2010

The pounds to dollars pair continues to slide lower but contained in a relatively narrow range with the 9 and 14 day moving averages to the upside and the 40 and 200 averages to the downside.  Friday’s price action initially tested both the 40 and...

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Pounds to Dollars Forex Forecast 20 Aug 2010

A similar technical picture for the pounds to dollars pair is now being established mirroring that of the euro vs dollar on the daily chart, with the two currency pairs correlating positively once again.  In the last six days we have seen cable consolidate sideways...

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Pounds to Dollars Forex Forecast 19 Aug 2010

Much like the euro vs dollar the pounds to dollars pair is also confined to a narrow trading range and perched on a key technical indicator which in this case is the 200 day moving average.  Yesterday’s price action provided yet another classic example with...

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Pounds to Dollars Forex Forecast 17 Aug 2010

Another day of sideways consolidation as the pounds to dollars pair continued to trade in a relatively narrow range and ended the forex trading session as a narrow spread up candle but with shadows to the top and bottom.  Downside support was provided by the...

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Pounds to Dollars Forex Forecast 16 Aug 2010

Friday’s narrow spread down candle made it five consecutive losing days for the pounds to dollars pair, having failed to breach the psychological USD1.60 price level last Monday.  Indeed as we suggested two weeks ago the recent bullish momentum for the pair appeared to be...

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