Jump to content
House Price Crash Forum
Sign in to follow this  
Wimbledon88

Technical Analysis Of Cable

Recommended Posts

GBP/USD The week has started with more weakness in the USD

Wed, Jun 3 2009, 07:10 GMT

by Ian G Coleman

FXstreet.com Independent Analyst Team

http://www.fxstreet.com/technical/forex-st...2009-06-03.html

CONCLUSION

The long term view is Bullish. Short term view. A break above 1.6685 would keep the Bull Run intact but we do have some divergence on the 1hr. This will only be confirmed if we turn here and first break the 20 SMA (currently at 1.6565) then the previous low at 1.6547. The bottom of the trend channel is at 1.6425

One week later...

EURGBP broke out of the descending triangle but didn't have a clear close below

Tue, Jun 9 2009, 09:01 GMT

by Ian G Coleman

FXstreet.com Independent Analyst Team

CONCLUSION

Long term – we are bearish. We want to see a clear close below 8572 Short term – everything points lower. Watch 8608 (trend line) for the next possible resistance. I think this will only be minor before the next break lower.

http://www.fxstreet.com/technical/forex-st...2009-06-09.html

Maybe things just go up and down? <_<<_<<_<

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.