GBP/USD Forecast February 28, 2013, Technical Analysis
The GBP/USD pair had a slightly bullish session on Wednesday as the 1.5050 level offered support yet again. The resulting candle was a hammer, which followed a shooting star from Tuesday.
Tag: GBPUSD
GBP/USD Forecast February 27, 2013, Technical Analysis
The GBP/USD pair fell during the session on Tuesday, as the gap has finally been filled from the weekend. The candle looks resistive, almost like a shooting star. This market looks like it is almost ready to...
GBP/USD Forecast February 26, 2013, Technical Analysis
The GBP/USD pair initially gapped lower during the session on Monday, but as you can see we did gain quite a bit in order to try and fill that. Within quite good, but can close enough and...
GFM Research FX Daily Report, Feb 26, 2013
Market Commentary The US Dollar appreciated across the board resulting in deep sell of in the benchmark equity index of the Dow Industrials (DJIA). The Dollar Index (DX) is consistently trading above the critical resistance of 81.20...
GFM Research FX Daily Report, Feb 25, 2013
Market Commentary The US Dollar appreciated across the board wherein the Sterling continued to depreciate to currently trade at 1.5130 ranges followed by the Euro and next the Japanese Yen which is trading near its year lows...
GBPUSD Analysis – February 23, 2013
GBPUSD’s downward movement from 1.6339 extends to as low as 1.5131. Further decline is still possible next week, and next target would be at 1.5000 area. Key resistance is at the downward trend line on daily chart,...
GBP/USD Forecast February 25, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, break above the 1.53 level but found the area far too resistive to overcome. This formed a shooting star, which of course was formed right after a hammer.
GBP/USD Forecast February 22, 2013, Technical Analysis
The GBP/USD formed what could be considered a perfect hammer during the session on Thursday. The 1.52 level that the hammer is based upon is the very bottom of the ascending triangle that originally sent this market...
GFM Research Daily FX Report, Feb 22, 2013
Market Commentary The US Dollar continued appreciating on the event of the most of the asset classes succumbed to selling pressure. The Dollar Index (DX) is consistently trading above the critical resistance of 81.20 ranges and is...
GBP/USD Forecast February 21, 2013, Technical Analysis
The GBP/USD pair fell drastically during the session on Wednesday, making a move well below the 1.5250 handle. Because of this, it certainly looks like we are going to reach for the 1.50 handle that we have...