Post Tagged with: "GBP/USD Technical Analysis"
GBP/USD Risks Higher, USD/CHF Hammer and Oversold Condition
GBPUSD: Risk Higher Above Rising Trendline GBPUSD: Our outlook on GBP continues to point higher as long as it holds above its long term rising trendline dating back to May’2011. Although it weakened and closed lower for the week, we see the risk of returning above the 1.6472/1.6510 levels a possibility. In such a case,
GBP/USD Outlook – August 15-19
The British pound weathered the global storm, but had different troubles at home. The upcoming week is very busy, and consists of inflation, employment and the meeting minutes among other events. Here is an outlook for these events, and an updated technical analysis for GBP/USD. Riots in various British cities weighed on the pound. At
GBP/USD Outlook – August 8-12
After a very volatile week that included a rate decision, another busy week awaits the British pound, with more impact from Mervyn King and of course, the downgrade that the US received from S&P. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound got mixed indicators in
EUR/USD Halts Declines, GBP/USD Maintains Consolidation Tone
EURUSD: Halts Declines, Strengthens EURUSD: The pair may have triggered a recovery higher but still retains its bear threats started from the 1.4534 level.To prevent a return below the 1.4143 level, EUR will have to break and hold above the 1.4534/76 levels. This will pave the way for a run at the 1.4696 level, its
GBP/USD Outlook – August 1-5
A very busy week awaits cable traders. Every day provides a major economic indicator to rock the pound. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. The British economy continued growing in Q2, by 0.2%. This slow growth rate was cheered by the pound, due to fears that
GBP/USD Recovering, EUR/USD Hesitant – Technical Analysis
GBPUSD: Recovery Strength Highlights The 1.6546 Level. GBPUSD: With a second week of recovery gains seeing GBP closing higher the past week, further upside gains is expected towards the 1.6546 level, its May 31’2011 high. On a clearance of this level, additional strength will aim at the 1.6743 level, its 2011 high and then the 1.6900
GBP/USD Outlook – July 25-29
The British pound made upwards in the past week. Will this continue? The first release of GDP for Q2 will draw a lot of attention in the upcoming week. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound enjoyed the relief rally after the positive result of
GBP/USD Outlook – July 18-22
The pound couldn’t ignore the raging debt crisis and tested lower ground. The upcoming week consists of the MPC meeting minutes that will show the direction of rates, as well as key consumer information. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. British inflation is easing once again.
GBP/USD Hesitating, EUR/CHF Set To Further Weaken
GBPUSD: Hesitating But Maintains Recovery Tone GBPUSD: The pair’s failure to follow through higher on the back of recovery gains has triggered a fresh bear pressure. However, GBP still retains most of its recovery gains started from the 1.5778 level and looks to strengthen further towards the 1.6193 level, its July 13’2011 high on ending
GBP/USD Vulnerable Despite Recovery, Oil Recovering
GBPUSD: Vulnerable Despite Recovery GBPUSD: Having reversed higher off the 1.5778 level on Tuesday and following through in early trading today, risk of further bull pressure cannot be ruled out. Though with one caveat, the pair continues to retain its short term weakness and there is a possibility of returning below the 1.5778 level. In