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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 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 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 3 Aug 2010

The pounds to dollars pair pushed strongly higher yesterday surging through the USD1.58 level and ending with a wide spread up candle having briefly touched USD1.5907 during the forex trading session.  This bullish momentum has continued through this morning’s London trading session as the pair...

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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 Analysis 30 July 2010

The upwards trend for cable continued yesterday but with a muted tone as the pounds to dollars pair ended the forex trading session with a small doji cross candle suggesting that the market is taking a breather at this level before continuing on its upwards...

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