Cable Update (GBPUSD)

According to yearly obsevations usd loses 4% in december

Here is my analysis...
There is a possibility it can touch the bottom line on 4770.. See the RSI 40 value... If RSI 40 and bottom line 4770 cant bring EU back, then next stop will be 4550 and RSI 20...

But personally, I dont think EU can go more down from current position or from 4770...

lol.. wrong thread and after seeing your post I also posted a EU chart here...

Nice to see your view.

Thanks bro...

More charts on my blog

http://www.forexfactory.com/news.php?do=news&id=210070

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Will US Dollar Head up or down?

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With the dollar falling this week to 14-year lows against the Japanese yen, many questioned whether the greenback would continue to drop.
But the dollar rebounded strongly Friday on news that unemployment rates were declining, prompting questions of whether the rebound will rise even higher.
On Friday, the dollar traded at 90.7 yen, up sharply from Tuesday, when the yen traded at lower than 87 yen against the dollar -- the lowest point since July 1995. Friday saw the dollar gaining against the euro and other currencies as well.
According to a recent Bloomberg survey, the median prediction among 43 strategists showed that the US currency may gain against the euro, yen, Swiss franc, British pound and Swedish krona by September 30, 2010.
The same survey, however, indicated that the top forecasters among those polled predicted the greenback will continue to weaken, even if the Fed begins to raise interest rates, although officials said that is some time away.
Douglas Elliott, a fellow at the Washington, D.C.-based Brookings Institution, said the question to ask is whether the dollar is balanced where it is.
"It's hard to get the balance right," he said.
And while the United States stands to benefit from a modestly lower dollar -- a sharp decline would be harmful -- it is unclear whether the US currency will rise or fall.
Indeed, investors could bid the currency in either direction.
"Markets have a tendency to overshoot both up and down," he said. "And the problem is that markets often move in jagged ways."
Chad Stone, chief economist at the Washington, D.C.-based Center on Budget and Policy Priorities, said the dollar's fall is a negative development only if it occurs sharply, rather than gradually.
"What you want is a gradual adjustment, but if that turns into a flight from the dollar, that's a different world," he said.
While many fret that the rising deficit will push the dollar to harmful lows, it is more important to cast those fears aside for now and focus on revving up the economy. Paying off the debt can wait until later, he said.
Still, a long-term failure to get the deficit under control could spell trouble for the dollar down the road, he added.
Nevertheless, a continued dollar decline is not written in stone, as an economy's strength and interest rates also play a role in determining a currency's value.
The dollar could begin to move back up in 2010 if the US economic rebound sees solid gains in gross domestic product, analysts said. A rise in interest rates and Congressional moves to cut the deficit could also stem the dollar's downward trajectory.
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hallo. i just want to check. in my platform euro/ usd is 1.4859. it seems it was 1.4888 in the weekend. do you have the same price? and gbp/usd is 1.6426 . it was 1.6480 in the weekend .

I didnt realise until now, the FOREX rates are showm on my ADVFN

http://i498.photobucket.com/albums/r...ADVFNRATES.jpg

Hi Guys, hope you had a fab weekend.

Here's the opening prices :-

GU - 1.6429

EU - 1.4856

Dragon - 148.38

All the best this week.

here is my trade levels



map your chart with S R

If gbp goes up/retrace from here, 1.6522 area will be very strong resistance and bears will try to sell at that level. I will be looking for a possible continuation of friday's move from that area.
On 4hr and daily it's still in a range though.

Anybody see retracement to 6500/20?

just nice as quoted on saturday..check it out at my blog as per below signature

Anyone get this trade?

Crossed the 24sma on the 1m, then the 5m and the 15m and now approaching the 30m.

Red solid line 24sma
Yellow dotted 55ema

Dr. D.

This compression / separation 1m chart agrees.


Dr. D.

This is what I see. If it breaks then next support at 163.92

If it breaks 71 should be a good short

..catch u guys in london