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Pounds to Dollars Forecast 8 Nov 2010

The pounds to dollars pair closed last week on a mildly negative tone with Friday’s candle ending as a relatively wide spread down candle as the pair pushed further into the deep price candle between USD1.60 and USD1.67.  Friday’s pullback was prompted by a minor...

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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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Pounds to Dollars Forex Forecast 29 Oct 2010

The pounds to dollars pair surged higher in yesterday’s trading session ending as a wide spread up candle which closed above all four moving averages once again and ended the forex trading session at USD1.5961, just shy of the USD1.60 psychological level.  The key to...

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Pound to Dollar Forecast 25 Oct 2010

The British pound continues to be one of the worst performers agains the US dollar and despite the resumption of chronic US dollar weakness which we have seen over the past few weeks, cable continues to remain waterlogged and failing to take advantage of the...

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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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