GBPUSD Daily Forecast
Thursday, July 23rd, 2009Today’s analysis shows that the sterling is at a crossroad. We are beginning to see a head and shoulders formation from the 4-hourly timeframe as shown on price chart at 1.6516 resistance line. Linear Regression still looks bullish but will the pair break out of this range?
Cable’s Intraday Gain Evaporates
Friday, February 13th, 2009It started so well today with the market setting up for intraday rally. So it did with minimal news to sway opinion any other way. As analyzed in our earlier post, “Cable Analysis” below, the market broke the 38 and 50% resistance barriers on the Fibonacci numbers reaching the 1.4600, (over 40-pips above our expected level).
Cable Gain Slides
Friday, October 31st, 2008Cable GBPUSD, gave up its three trading sessions of continuous rise for the bottom again. After hitting a six-year low of 1.5363 last week the pair have been trading well into the 1.6671 before the turnaround again intotrading the troubled zone. How long will this vacillation continue before stability?
Cable Gains And More
Wednesday, October 29th, 2008Cable, GBPUSD gained a significant reprieve last night amid previous lows from last week’s traded levels. This morning saw a continuation on the ‘out of jail’ breakout of Tuesday’s trading session. Could this be the mark of a resurging cable?
Cable, GBP/USD Presented Several Trading Opportunities Today
Wednesday, February 27th, 2008Cable, otherwise traded as the GBP/USD provided great volatility today. gbp-15min.gif The upward burst we had experienced yesterday continued in the early morning trades until a resersal signaled just before 0900hrs (GMT). Since then the market have moved like a yo-yo. It had vaccilated between 1.9807/1.9974 which is great for us traders but something an investor might frown upon. The market has trended very well in either direction with huge rewards opportunities in-between. The chart opposite demonstrate the various opportunities presented.
GBP-USD Mid-Term Outlook: Is Cable Losing Grip?
Thursday, February 14th, 2008The recent weeks of market turmoil has created a dim financial market outlook for the future and that includes the forex market. Should that bother you as a forex trader and how does this impact on your forex trading? Well, a great deal perhaps. The subprime challenges, capital and equity markets, consumer spending all these were significantly affected. These in turn affect the interest rates, the macro economics and reports which delivered to measure the health of our countries’ economies.
Euro and Sterling Took Flight On Rate Hike
Thursday, August 3rd, 2006The EUR/USD and Cable (GBP/USD) headed north today, Thursday on interest rate hike that took many by surprise after the European Central Bank and Bank of England both raised interest rates by 0.25 percentage. This was a move to tighten up control on inflation. The Bank of England surprised the markets with a quarter-point rate hike, taking interest rates to 4.75 percent to slowdown accelerated growth. The Euro zone to 3.0 percent also.
This Morning’s Long Suffering Trade – GBP/USD
Tuesday, May 23rd, 2006It’s one of those mornings. I am finally out of the long suffering trade – a position I took this morning on the cable. I was hoping that there would a 1.8800 violation today. Though it did touch up on it there wasn’t enough momentum to push through. I was glad to be away from the screen when it did and that meant I never get to pull the trigger as indivated in my earlier post.
Let The Merry Trade Begin
Sunday, April 30th, 2006Last Week I left some comments on the Euro trend. But prior to that I had taken a up a very low risk trading position with only $10 per pip trade on the long term @ 1.2182 since April 17, 2006. At the moment, I am still on which if I have closed last Friday @ 1.2633, it would given me 451 pips from entry.
