Home » Posts tagged "Pounds To Dollars Daily Chart"

Pound Dollar Forecast 24 Mar 2011

With this week’s data showing the UK inflation rate at almost 5% and likely to get worse, it is really only a matter of time before interest rates start to rise. The technical picture on the monthly gbp usd chart would seem to support this...

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Pounds to dollars forecast – 16th November 2010

The pounds to dollars pair continued its recent sideways consolidation once again yesterday, ending the currency trading session with a relatively wide spread down candle closing at 1.6040, just below the 14 day moving average once again. Whilst the euro dollar has fallen sharply as...

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Pounds to Dollars Forex Forecast 10 Nov 2010

Unlike the euro vs dollar, the pounds to dollars pair has recovered much of yesterday’s lost ground which saw cable extend losses for a third trading session ending as wide spread down candle with small wicks to both the top and bottom.  Yesterday’s price action...

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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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Forecast for the GBP/USD – 1st November 2010

The positive sentiment following Thursday’s wide spread up bar spilled over into Friday’s forex trading session with cable continuing its recent upwards momentum, breaking and holding above the psychological USD1.60 level to end at US1.6044.  On the day, cable recovered from a low of USD1.5876...

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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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