Fx Charts

Consensus was expecting a drop in the headline to £8.40 billion. C.Harmer, analyst at Charmer Charts, recommends “…at this moment buy into dips to 1.6065/55 looking for 1.6125 initially…” as she believes the cross could be carving a base forma…

According to C.Harmer, analyst at Charmer Charts, the downward correction to 1.6180 might not be finished yet, with 1.6140 still in the horizon. The expert goes on and comments that any rally would be well capped in the 1.6220/25 area, giving shorts …

C.Harmer, analyst at Charmer Charts, comments that at 1.6120, technical studies show overbought levels in the cross, therefore she would expect the pair to correct lower. “We would then like to see the market down to 1.6072/65…and if we fail we see…

We’ve got a good pattern of rising highs on the daily chart, so it’s a good bias for the eventual resolution to the consolidation action. Obviously, though, we’ve got resistance above 1.60.

Richard Krivo of DailyFX.com reviews two FX-inspired examples that illustrate how to use trend … By looking at the four-hour chart of the GBP/USD below, there are several reasons we know that we want to go long (buy) the pair. Price action is above …

The rebound today brought the market up from having breached the 20-day moving average and is looking like ending the day with a bullish hammer candlestick. Downticking Trend Intensity is a worrying sign, but over all the pattern of higher highs and lo…

Bids 1.60 and 1.5980 with stops now set under 1.5970 and 1.5950. A look at the charts highlights the importance of the 1.5950 level but look for the 1.6000-10 area to also put up a fight on a deeper pullback from the current 1.6035 level.

It may not look that way when viewing the intraday bar chart, but the quick move up in cable was actually a stepped advance in which volume came in around 1.5780 and 1.5810 before the market made the final push through 1.5850. That means the bulls over…

(eToro Blog) News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru santosh, who is g…

The paring is beginning to form a nice channel on its 4-hour chart and, according to the BabyPips.com FX-Men Team, price action has just encountered dynamic resistance at the top of the channel around the 1.5530 level. “With the Stochastic indicating t…