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GBP/USD

Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.

Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 - 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.

Read the full post of GBP/USD and GBP/JPY - March 3rd 2008

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US Dollar’s the big winner after the announcement cut apart from a few pairs which gained back its own momentum (like USDCAD)

Let’s see the few big movements.

GBPUSD

2.0516 to 2.0334 = 182 pips move

AUDUSD

0.8897 to 0.8711 = 186 pips move

USDJPY

110.76 to 110.46 = 130 pips move

Read the full post of Aftermath of December Interest Rate Cut (At 25 Pts)

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Just after the release of ISM results (not much reaction on price action btw), I was looking and scanning around the few hour chart duration of cable (GBPUSD).

Placed a long position at 2.0650, Stop Loss at 2.0620

Read the full post of Cable Still Looks Good For a Long

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Hello,

Here are my thoughts for today. No explanations or charts this time, just simple ’signals’.

AUD/USD (0.8915)

Trend: Downward

Take profit target at 0.8775

Stop loss (and reverse position) at 0.8990

GBP/USD (2.0442)

Trend: Uptrend

Take profit target at 2.0600

Stop loss (and reverse position) at 2.0370

Regards,
Dan
Life Holdings Management

Read the full post of Dan’s Forex Market View - 19 Oct 2007

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It’s the time of the month again with Non-Farm Payroll in about 2 hours or so.

Let’s show you what I’d usually do before the big numbers and probably derive something from there and then with both fundamental and technical analysis. I’d start my day by visiting Forex Factory’s economic chart and check the forecast and the previous number.

Read the full post of Trading Non-Farm Payroll, The Big Numbers

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30 minutes from now, look out for US PPI’s release. Terminate the trade should the indicator be more than -0.2%

Long/ Buy Stop GBPUSD at 2.0038, SL 1.9998, TP 2.0131 or move SL

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I’ve placed a buystop at 2.0448, stop loss at 2.0418 (30 pips)

Reason:

Following momentum on the 4hrs MACD, trendline on the top seems to be easier to break. And it’s still heading away from the 200EMA/SMA.

Also look out for:

Read the full post of Jude’s Daily Signal 06 August 07 - GBPUSD

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With the Interest Rate statement released at 5.75% last month which brought the pound to an all new time height of 2.0561, the pound is taking a breath with a retracement to the 2.0280 level . Seasonal chart shows that the pair usually dives towards the end of July till Mid August.

Read the full post of Jude’s Daily View - GBP Interest Rate Statement for July 07

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With UK retail sales figures coming out today and expected to decline we could see the cable coming off it’s highs of late. I won’t open a position till the direction is clear again.

Happy trading

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The pound is at it’s highest level since 1981, it looks set to continue higher but with a possible resistance comming up at 2.0330, I’m reluctant to take a position at these levels,

Today it might consolidate a little. My strategy, stay sidelined and wait for clear direction.

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