Home » Posts tagged "pound dollar" (Page 2)

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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Pounds to Dollars Forex Forecast 4 Oct 2010

The pounds to dollars pair moved higher in forex trading on Friday, closing as a relatively narrow up candle ending the week of largely sideways consolidation, with the pair confined to a narrow range between USD1.57 and USD1.59.  It is interesting to note, however, that...

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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 17 Sep 2010

The pounds to dollars pair appears to have re-established its more traditional relationship with the euro vs dollar, having broken above all four moving averages on Wednesday, following Tuesday’s breakout of the summer’s sideways price drift and consolidation.  Yesterday’s price action was marked by a...

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