The euros to pounds pair continue to move in a falling wedge, suggesting that we will see a break lower in due course. The last few weeks simply confirm this view, but before we enter any long term trades I would suggest waiting for prices to break below the lower edge of the wedge, which [...]
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Euros To Pounds – 27th February 2009 (0)
Euro Pound EUR/GBP – 25th February 2009 (0)
Another very difficult pair to trade, in this case with a falling wedge, which suggest that the bear trend remains in place for the medium to long term. My view is that the euro is over bought and we should see a fall in the next few months. This one is therefore a long term [...]
Euro Pound – Daily Chart 24th February 2009 (0)
The euro pound is becoming increasingly difficult to trade at the moment, and whilst the general trend is bearish, as expected, the move downwards is very sluggish, with the possibility that the pair are now beginning to consolidate in the 0.8700 region, with a possible triangle pattern. Whilst yesterday closed down on a wide spread [...]
Euro Pounds ( EUR/GBP) Daily Chart 19th February 2009 (0)
My suggestion for today, is much the same as yesterday, in other word small short positions with a stop loss above the 0.9500 region. The bearish sentiment now seems to be back in place with a failed attempt to rally yesterday in the pair, leaving us with a down day doji. More importantly, prices closed [...]
Euro Pound – 18th February 2009 (0)
Yesterday gave us a wide spread down bar in the daily chart, which suggests that the bearish tone is now back in place, with the candle crossing below all three moving averages and failing to penetrate back into the 0.9000 region. With the failed test above and the moving averages having been crossed this is [...]
Euros To Pounds – 17th February 2009 (0)
I did suggest yesterday that we consider a long trade today, provided the signal was positive, but the morning has opened with a wide spread down bar which now seems to be pointing to a continuation of the move lower, which is the long term trend for the pair. If the candle closes the day [...]
Recent Comments
The euro looks to have broken upwards sooner rather than later - given a shove u...
Said admin on 2009-08-27 17:27:22Hi Anna I missed your yesterday's analysis on this pair but was pleased to see ...
Said raulin on 2009-08-18 22:01:03Hi Colin Many thanks for your kind comments and also for pointing out the broke...
Said admin on 2009-07-02 12:39:36hi Anna, I like your various sites and have been guided by your basic philoso...
Said Colin Bryant on 2009-06-25 15:50:04Popular Posts
Euros To Pounds - EUR/GBP Daily Candle Chart 24th June 2009
2 comments since 2009-06-24 14:31:43About Me
2 comments since 2009-01-24 15:54:15Daily Forex Analysis - Forex Trading Analysis EUR/GBP 18th August 2009
2 comments since 2009-08-18 21:18:06Economic Outlook For Europe
1 comments since 2009-01-24 19:14:30Euros to Pounds - Daily Candle Chart 11th March 2009
1 comments since 2009-03-11 10:18:23Euro vs Pound – Daily Candle Chart 8th June 2009
Following the strong move higher on Thursday for the euros to pounds pair, Friday’s wide spread down bar with a very deep upper wick brought the temporary reversal to a shuddering halt, and indeed this downwards pressure has continued in trading today. The key point from Friday is that the high of the day bounced [...]
Euros To Pounds – EUR/GBP Daily & Weekly Charts 2nd June 2009
Yesterday’s wide spread down bar for the euros to pounds currency pair, finally added some much needed momentum to the downwards ‘drift’ we have seen in the pair for the last few weeks, and more importantly closed below the strong support level at 0.8660, which had been providing a temporary barrier to any move lower. [...]
Euros To Pounds – Weekly Candle Chart 23rd March 2009
Last week’s weekly close gave us a candlestick formation which closely resembled three white soldiers which is often a clear signal for a bullish reversal. However, in this case as we are relatively close to an old top and the reversal could hardly be considered significant I would suggest caution using this signal in isolation. [...]
Euros To Pounds – Weekly Candle Chart 16th March
Following last week’s wide spread up candle which moved through both the 9 week and 14 weeks moving averages one would expect price action to continue upwards based on this solid move higher. In the daily chart we are seeing a slight rollover as the market takes a breather and this may provide us with [...]
Euro Pound Weekly Candle Chart – 9th March 2009
As it is the start of a new week, lets look at the weekly chart for the euro pound to try to provide some direction for our trading this week, and it comes as no great surprise that last week’s candle provides little information for us, other than confirming that the sideways movement is still [...]
Euros To Pounds – Weekly Candle Chart 2nd March 2009
Yet another currency pair which are trending sideways in a consolidation, which in the case of the euros to pounds pair is now forming a pennant in the weekly candle chart, with the point around the 0.9000 region. The last five weeks have seen virtually no move from this area making the currency pair almost [...]
Euros To Pounds – Weekly Candle Chart 16th February 2009
Mmm – well last week’s candle did at least provide a signal, but I’m not sure how much weight we should give this as a long term indicator for the euros to pounds pair, for two reasons. First, in the last four weeks we have one bearish engulfing signal of three weeks ago, followed two [...]
Euros To Pounds – Weekly Chart February 9th 2009
Following the bearish engulfing candle of two weeks ago, we did indeed see prices fall in the euros to pounds currency pair last week as expected, and I hope you were able to make some money from your short positions. Whilst last week’s down bar was as expected, it was perhaps not as wide a [...]
Euro Pound Weekly Chart – 2nd February 2009
A great signal on the weekly chart for last week, with an “outside week” bearish engulfing candle providing several signals all at once! ( I am very excited at this one, trust me!!!) First of all what does this candle represent? The most significant point is that this is a possible turn, and therefore the [...]
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