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Daily FuturesTechs Blog - 20th April 2011 - Flag Pattern in Cable

Wednesday, April 20th, 2011

From today we plan to post one of our Technical Analysis Reports on this Blog on a daily basis as a sample for anyone interested in a Free Trial. We will focus on a market that is showing something interesting from a technical point of view.

We cover 22 markets every day, giving Chart, Support and Resistance levels, plus Commentary each morning before the markets open. This award winning service is widely read by Investment Professionals, and some of our clients have been with us since we started over 10 years ago.

If you are an Individual Trader please go to http://www.futurestechs.co.uk/trial/ to request a free trial of our Web-based service.

The same reports are available to Fund Managers, Brokers and “Pro” Traders in printable format. If you are in this category please request a trial at http://www.futurestechs.co.uk/professional_trial/

In today’s “Forex Lunch” report we highlighted a Flag Pattern in Cable (GBPUSD):

Cable has been in a consolidation pattern since late January, trading in a broadening range between 1.5937 and 1.6429. Recent price action within this range has formed a pattern known as  a flag, consisting of a short term counter trend channel after a significant directional move. The counter-trend channel is highlighted by the red arrows, whilst the flag ‘pole’ is highlighted by the green arrow. This formation would be confirmed by a close above the down trend channel at 1.6336, with additional confirmation given by a close above Horizontal resistance at 1.6429. The implication of this formation is a move to 1.6828.

FuturesTechs wins “Best Fixed Income” Award

Tuesday, March 30th, 2010

Thought you might like to know we won the “Best Fixed Income Research and Strategy” category at this year’s Technical Analyst Awards.

The dinner was at the Sheraton Park Lane last Thursday, and I can assure you I almost fell off my chair when it was announced!

We were up against some strong competition including RBS and UBS, so it was good to see that a little firm from Southend can impress!!

I didn’t get the chance to do a speech, which was a good job really, so can I now publicly thank Graham and all the guys and girls here for all their hard work.

A nice way to celebrate our recent anniversary of 10 years in business!

To all of our customers we would like to thank you all for your continued support.

If you’re not a client and wish to have a trial of our analysis please click here register your interest.

Cheers,

Clive.

http://www.technicalanalyst.co.uk/conferences/Awards10.htm

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