Nationwide House Prices — *(uk) Apr Nationwide House Prices: M/m -1.1% V -0.5%e; Y/y % V 1.1%e Lowest since June 1995 Enough to progress the yesterday''s bear move further.

Cable Update (GBPUSD)

Carrera, I tend to agree that there still could be more room left for this short before we catch the next wave back up. Even if the move just continued down tomorrow as it might be quieter now that London has shut up shop for the day. There's a ...

Cable Update (GBPUSD)

US Consumer Confidence — Apr Consumer Confidence: 62.3 V 61.0e

Cable Update (GBPUSD)

Yes, I think you're right Jim. Well spotted. Probably the wrong name for the formation. I still tend to get a bearish sentiment from what's on the chart. What do you think? Rob

Cable Update (GBPUSD)

Tone, it could be due to differing candle times and the price action which goes into the making of each candle. I'm on Central European Time and my 4 hr candles start at 8am, 12pm, 4pm, etc that's CET, which is one hour ahead of UK time. Rob

Cable Update (GBPUSD)

Thinking ahead — Note the shooting star on the monthly. Correction thanks to Hard1Head1: this is not a shooting star. But the picture that I see from the formation remains bearish. We've already seen the April candle creep half way up the wick ...

Cable Update (GBPUSD)

Well Jim, it's been a dire day for Cable news with the worst mortgage approvals on record and lower than expected CBI figures. I hear it's raining in London too so a bad day all round Let's see if the US news has a better time (and take us to the ...

Cable Update (GBPUSD)

Yes Cheers Tone. It's good when it all works out like that isn't it - especially in the first half of the London session. Rob

Cable Update (GBPUSD)

Jim, Being reasonable, I also see the trend line at 1.9730 as being a nice target. Being optimistic (or perhaps greedy ), I see a few lower levels also ... Trend line at 1.9745 Last week's low at 1.9676 Trend line at 1.9600 But even 1.9730 will be ...

Cable Update (GBPUSD)

LOWEST UK mortgage approvals on record — *(uk) Mar Mortgage Approvals: 64k V 66ke, lowest On Record

Cable Update (GBPUSD)

Humpty Dumpty sat on the wall ...ready to fall. Just like cable since yesterday morning. Short at 1.9887 riding a nice yellow wave (or the yellow brick road) - some analysis shown below. Rob

Cable Update (GBPUSD)

Jim, I agree that this pair seems ready to drop and I see a bunch of signposts pointing south. I would like to see an average daily range achieved by price reaching a lower trend line at around 1.9750. But what I want and what the market gives me ...

Cable Update (GBPUSD)

The trend line bounce and numerous other things are getting cable ready, just like when Humpty Dumpty sat on the wall, waiting to fall image

Cable Update (GBPUSD)

Tone, Good work mate. And thanks for sharing your detailed analysis. That flag was hoisted well in the end! Rob

Cable Update (GBPUSD)

Carrera ...Beautiful charts. They paint the picture well. Thanks for sharing them. FXLocal mentioned the Bank Dividend Payment that was pushing cable up. I heard the same on Trade The News. Despite being over-bought since trading began today, we've ...

Cable Update (GBPUSD)

TEB, well spotted. Price is also currently bouncing off a 62fib that sits between the swing low at 1.5340 and the all time high. I'm with you on this one. Thanks for posting! Rob

World's Simplest System

Ha! - those wicks are showing too much respect for the trend line on the 4hr so I've bottled out for +25 and am standing on the side for now with a buy stop at 1.9950 ...just in case! I'm still waiting for a short "some time" today or tomorrow ...

Cable Update (GBPUSD)

They're raising the flag Bones! I'm long at 1.9890 but covering my backside well until it breaks the trend lines. Rob

Cable Update (GBPUSD)

Daily & 1hr Trendlines — I have my eye on the converging 1hr trend line and the 1 day trend line which you can see below at around the 1.9930/40 region. I would like to see these respected with a move in the direction of the red arrow. ...

Cable Update (GBPUSD)

I entered short earlier and took something off the table at +55 pips. There are a couple of trend lines on the chart below. Note that there is only an 85 pip range between TL1 and TL2. I believe that we need to see a break-out of this channel either ...

Cable Update (GBPUSD)