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Not Updated since 08/09/2010

10/09/2010

GBP

Pound Sterling

Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 05.08.2010 (34) days ago, when the price was 2.3860. Since then GBP has fallen -1.93% .

BUY-IF is confirmed by a white candlestick with a higher open. The buying price is taken as today's open ( 2.3302 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. It opened today with a gap-up and the day’s activity resulted in a close higher than the open. This is one of our valid confirmation criteria.

We hope that you bought this . You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.

BUY
CONFIRMED

2.3399
+0.0271	+1.17%

Candlestick Analysis

Today’s Candlestick Patterns:
White Opening Marubozu

Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
For more about this candlestick click here.

Technical Data
Day's Close	2.3399
Day's Open	2.3302
Previous Close	2.3128
Previous Open	2.3154
Change	+0.0271
% Change	+1.17%
Volume	-
Day's High	2.3408
Day's Low	2.3302
50-Day Close M.A.	2.3458
200-Day Close M.A.	2.3549
65-Day Volume M.A.	-

Two-Year Signal History
Date	Price	Signal	100 YTL Became
08.09.10	2.3302	Buy		148
05.08.10	2.3860	Sell		148
27.07.10	2.3486	Buy		145
05.07.10	2.3781	Sell		145
15.06.10	2.3246	Buy		142
10.06.10	2.3284	Sell		142
07.06.10	2.3233	Buy		142
27.05.10	2.2722	Sell		142
19.05.10	2.2281	Buy		139
29.04.10	2.2638	Sell		139
19.04.10	2.2799	Buy		140
15.04.10	2.2877	Sell		140
12.04.10	2.2891	Buy		140
07.04.10	2.2905	Sell		140
05.04.10	2.3058	Buy		141
19.03.10	2.3195	Sell		141
12.03.10	2.3081	Buy		140
08.03.10	2.3232	Sell		140
03.03.10	2.3028	Buy		139
26.02.10	2.3627	Sell		139
23.02.10	2.3732	Buy		140
16.02.10	2.3731	Sell		140
11.02.10	2.3644	Buy		139
09.02.10	2.3693	Sell		139
04.02.10	2.3738	Buy		140
29.01.10	2.4118	Sell		140
19.01.10	2.3845	Buy		138
04.01.10	2.4020	Sell		138
28.12.09	2.4133	Buy		139
24.12.09	2.4249	Sell		139
08.12.09	2.4498	Buy		140
04.12.09	2.4640	Sell		140
01.12.09	2.4908	Buy		142
20.11.09	2.4752	Sell		142
13.11.09	2.4662	Buy		141
06.11.09	2.4646	Sell		141
27.10.09	2.4327	Buy		139
23.10.09	2.4360	Sell		139
08.10.09	2.3425	Buy		134
24.09.09	2.4289	Sell		134
09.09.09	2.4586	Buy		135
21.08.09	2.4551	Sell		135
18.08.09	2.4574	Buy		136
10.08.09	2.4485	Sell		136
31.07.09	2.4388	Buy		135
20.07.09	2.4907	Sell		135
09.07.09	2.4948	Buy		135
01.07.09	2.5257	Sell		135
22.06.09	2.5551	Buy		137
18.06.09	2.5470	Sell		137
19.05.09	2.3780	Buy		128
06.05.09	2.3649	Sell		128
01.05.09	2.3624	Buy		128
28.04.09	2.3767	Sell		128
21.04.09	2.4017	Buy		129
16.04.09	2.3929	Sell		129
13.04.09	2.3189	Buy		125
25.03.09	2.4378	Sell		125
04.03.09	2.4286	Buy		125
19.02.09	2.4003	Sell		125
12.02.09	2.3437	Buy		122
10.02.09	2.3936	Sell		122
27.01.09	2.2881	Buy		116
19.01.09	2.3885	Sell		116
31.12.08	2.1946	Buy		107
17.12.08	2.3827	Sell		107
15.12.08	2.3435	Buy		105
14.11.08	2.4125	Sell		105
06.10.08	2.3411	Buy		102
26.09.08	2.2696	Sell		102
11.09.08	2.1875	Buy		98
26.08.08	2.1911	Sell		98
21.08.08	2.2303	Buy		100

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