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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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Pounds to Dollars Forex Forecast 29 Sep 2010

The pounds to dollars pair struggled yesterday following last Friday’s strong surge higher as the market took a breather at the USD1.58 price handle.  Indeed yesterday’s long leg doji candle which oscillated between USD1.5895 to the upside and USD1.5718 to the downside suggests that we...

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Pounds to Dollars Forex Forecast 27 Sep 2010

The pounds to dollars pair ended last week’s forex trading week as a wide spread up candle which just failed to breach the underside of the resistance in the USD1.5834 price region, before closing marginally lower at USD1.5836.  The strong move higher was firmly supported...

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Pounds to Dollars Forex Forecast 23 Sep 2010

The pounds to dollars pair continues to limp and lurch higher but with precious little conviction as evidenced by yesterday’s candle which closed as a small shooting star, testing the USD1.57 price area for the second time in 4 days.  Indeed this picture appears to...

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Pounds to Dollars Forex Forecast 22 Sep 2010

The pounds to dollars pair continues to trade in a relatively narrow range and even yesterday’s bout of US dollar weakness as a result of the FOMC statement and its intention to enter into a further round of quantitative easing, failed to provide much impetus...

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Pounds to Dollars Forex Forecast 20 Sep 2010

Friday’s candle on the pounds to dollars pair gave us a shooting star forex trading signal which has carried through in today’s session and bringing to a halt to the recent rally in this pair.  The weight of this signal cannot be underestimated, particularly when...

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Pounds to Dollars Forex Forecast 14 Sep 2010

The pounds to dollar pair continue to trade in a relentless narrow, sideways range, bounded to the downside at USD1.5326 and USD1.5533 to the upside, with yesterday’s trading action once again confined to this price zone.  Yesterday’s attempt to rise by sterling was promptly squashed...

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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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