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Dollars To Pounds – GBP/USD Daily Candle Chart 10th July 2009 (0)

Published on Fri, 10/07/09 | Pounds To Dollars Daily Chart
Dollars To Pounds – GBP/USD Daily Candle Chart 10th July 2009

Yesterday’s wide spread up bar in the pounds to dollars pair broke back above the 40 day moving average but failed to penetrate either the 9 or 14 day moving averages which acted as a barrier to any further progress higher.  In addition the high of the day seemed to find strong resistance from the [...]


Dollars To Pounds – Daily Candle Chart 7th July 2009 (0)

Published on Tue, 7/07/09 | Pounds To Dollars Daily Chart
Dollars To Pounds – Daily Candle Chart 7th July 2009

Yesterday’s daily candle on the pounds to dollars chart provided us with some interesting talking points for analysis which came as a surprise following the bearish shooting star outlined in last week’s market commentary.  Yesterday’s candle closed the session with a deep lower wick and a small upper body suggesting that despite the bearish tone [...]


Dollars To Pounds – Daily Candle Chart 3rd July 2009 (0)

Published on Fri, 3/07/09 | Pounds To Dollars Daily Chart
Dollars To Pounds – Daily Candle Chart 3rd July 2009

The pounds to dollars pair was another beneficiary of the currency majors for the Dollar strength which came on the back of a sell off in the equity markets following the worse than expected NFP data in the US.  Yesterday’s candle ended the trading session as a wide spread down bar closing below both the [...]


Dollars To Pounds – GBP vs USD Daily Analysis 1st July 2009 (0)

Published on Wed, 1/07/09 | Pounds To Dollars Daily Chart
Dollars To Pounds – GBP vs USD Daily Analysis 1st July 2009

Yesterday’s candle on the pounds to dollars daily chart did indeed close the session with a heavily bearish flavour as evidenced by the deep upper shadow and small lower body, a classic shooting star signal and once that we need to consider carefully as a possible early warning.  The price action in creating the candle [...]


Pounds To Dollars – GBP vs USD Daily Chart 30th June 2009 (0)

Published on Tue, 30/06/09 | Pounds To Dollars Daily Chart
Pounds To Dollars – GBP vs USD Daily Chart 30th June 2009

Yesterday’s doji candle on the pounds to dollars chart continued to reinforce the triangle pattern which is now extremely well defined and converging in an ever tighter point towards the 1.65/1.66 price region with the 9 and 14 day moving averages now superimposed.   This picture has been dented somewhat by this morning’s price action where [...]


Dollars To Pounds – GBP/USD Daily Chart 25th June 2009 (0)

Published on Thu, 25/06/09 | Pounds To Dollars Daily Chart
Dollars To Pounds – GBP/USD Daily Chart 25th June 2009

Yesterday’s candle on the pounds to dollars daily chart has provided us with several interesting points to consider from a technical perspective as the pair continue to consolidate into a pennant formation.  The first, and perhaps most obvious point, is that yesterday’s candle ended as a doji shooting star, a classic sign of weakness and [...]


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Pounds to Dollars Forex Forecast 19 July 2010

An interesting week for the pounds to dollars pair which ended the forex trading session on the weekly chart as a narrow spread up candle but with deep wicks to the top and bottom. The high of the week ran into resistance from the 40 week moving average whilst the low of the week found [...]

Pounds To Dollars – Weekly Candle Chart GBP/USD 8th June 2009

As promised in Friday’s market analysis of the daily chart, I thought we would look at the weekly chart for the dollars to pounds pair, as this may provide a clue to the future direction for the pair in the medium term. As we can see, and certainly helped by the NFP data on Friday [...]

Pounds To Dollars Weekly Chart – 16th March 2009

Little to add to last week’s candle chart for the pounds to dollars currency pair.  Last week’s candle provided a small hammer which finished well below all three moving averages but provides little in the way of direction for this week’s trading and only confirms that British Pound bears failed to break the 1.3500 level. [...]

Pound Dollar Weekly Candle Chart – 9th March 2009

Last weeks candle provided little in the way of direction for this week, and the sideways movement continued albeit with a bearish bias, and until we see a breakout from the current trading range, in my view this pair is impossible to trade with any degree of confidence. Whilst the general sideways trend is bearish, [...]

Pounds To Dollars – 2nd March 2009

A glance at the weekly candle chart for the pounds to dollars currency pair is enough to confirm what we already know from the daily charts, in that the pair are consolidating sideways, with a skew to the downside, a view reinforced this morning with the gap down in early trading. The doji candle of [...]

GBP USD Weekly Update 23rd February 2009

Unfortunately the weekly candle chart tells us very little, either in the way of a new signal, or confirming anything that has gone before, ending the week with a narrow spread spinning top doji. In the last 14 weeks we have seen two bearish engulfing signals and one bullish engulfing, so on the balance of [...]

Pounds To Dollars – Weekly Candle Chart 16th February 2009

Following last weeks candle we now have a clear bearish engulfing trading signal for this week, with the wide spread down bar wrapping around the up bar of the week before. This is the second such signal in the last 2 months, which will tend to suggest we should expect to see lower prices this [...]

Pounds To Dollars – Weekly Candle Chart 9th February 2009

Last weeks candle saw an up bar to add to that of the previous week, which reached but failed to penetrate the key resistance level at 1.4800, although both the 9 week and 14 week averages were crossed. This is a very tough decision at the moment, and much will depend on the early part [...]

Pounds To Dollars – Weekly Chart 2nd February 2009

Last week saw a wide spread up bar on the pounds to dollars chart, which reversed the losses of the previous week, but provided little in the way of information for us as traders. The closing price on Friday failed to penetrate the 9 week moving average, and therefore based on the weekly analysis, the [...]

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Pounds To Dollars - Weekly Chart 2nd February 2009