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Automated Signals Sell Pound Against Dollar
Friday, 07 November 2008 03:55:07 GMT  |  Luis Gil, DailyFX.com
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Our Forex Automated Trading Signals have sold the Pound against the Dollar using the Momentum2 strategy. One might notice the conflicting viewpoint given by the bullish Momentum1 strategy which suggests a long-trade to be optimal. Such a trade is in fact a medium-termed one as opposed to the long-term Momentum2 strategy. Nonetheless, this latest trade flows with the broader downward trend.

11-06-08 gbpusd

See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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