Posts Tagged ‘GBPUSD’

• In Typical Fashion, Cable Set To Rally
  faithmight, March 8th, 2010 at 12:44 am, Comments: 0

  Two weeks ago Friday, I wrote how I saw the market turning for the $GBPUSD. Instead when the market opened last week, cable plummeted to new lows to 1.4779. The new lows invalidated the first 2 red flags I had indicated in my article. However, since making that new low, the $GBPUSD has been in [...]

• And The Cable Breaks
  faithmight, February 21st, 2010 at 9:26 pm, Comments: 0

  Last week, we were watching for:
  ...a rally to complete the quarter to 1.5750. But after that target is hit, it is time to watch price to determine what cable does at these levels. To the upside lie a number of resistance levels: 1.5764, yesterday’s high; 1.5774, the high on February 5; and then 1.5800, the [...]

• Thank you China!
  kevinmhughes, February 12th, 2010 at 6:58 am, Comments: 0

  Chinese news makes for an interesting morning. Evidentially China raises reserve requirements for their banks by 50 basis points.

• What are we looking at?
  kevinmhughes, January 31st, 2010 at 10:30 am, Comments: 0

  Last week, the $USDX made an impressive rally! We closed at 1.3861 on the $EURUSD where it opened the week at 1.4146. It rallied (if that's what you want to call it) to 1.4191 before turning around and plummeting to Friday's close.

• Oh what a night!
  kevinmhughes, January 26th, 2010 at 5:39 am, Comments: 0

  It's been for the most part a wild ride in the currency markets since Asia. We've seen the $USDX strengthen nearly 100 pips on against the $EUR & $GBP ($EURUSD $GBPUSD) as the commodity countries: $CAD $NZD $AUD ($USDCAD $AUDUSD $NZDUSD).

• Spotlight On GBP/USD This Week
  faithmight, January 26th, 2010 at 2:42 am, Comments: 0

  I really like the way the $GBPUSD has been developing since the beginning of the year. I have been bullish the pair since the new year and, technically, everything has been working out as expected.

  Since making the lows at 1.5831, cable has consistently made higher lows and higher highs, thus building a very nice up [...]

• GBPUSD tests 200 day MA (and other resistance) and comes off
  gregmikefx, January 25th, 2010 at 8:11 am, Comments: 0

  Overnight the GBPUSD tested the 200 day MA at the 1.6175 level today (high 1.6173).   This is a key level to hold and will continue to be watched to gauge the overall bearish bias for the GBPUSD.  The market will remained biased to the bearish side as long as rallies against this key level are held.
  The [...]

• GBPUSD falls in early NY trade after corrective move earlier. Yesterdays low tested
  gregmikefx, January 22nd, 2010 at 7:48 am, Comments: 0

  The GBPUSD corrected to the 200 and 100 hour moving average area in the 1st half of the new trading day today, and that gave the sellers the opportunity to reenter and sell the market again( green and blue line in the chart above).   The price is now down testing the low from yesterday at 1.6124.  [...]

• GBPUSDs big reversal. Back down testing 100 day moving average at 1.6310 and other support
  gregmikefx, January 19th, 2010 at 7:57 am, Comments: 0

  The GBPUSD moved higher earlier today on Kraft/Cadbury merger agreement and the much higher than expected CPI. However, the market started to reverse and the sharp fall has taken the pair back toward the support at the 100 day MA which is currently at the 1.6310 (see chart above).

  There is also a trendline support line which [...]

• Another US Holiday
  kevinmhughes, January 18th, 2010 at 6:24 am, Comments: 0

  The US equity markets are closed and banks are closed. The currency markets and futures markets, on the other hand, are not closed.