Chart a course for investment success

Charts may sometimes seem impenetrable - and are certainly hard work. But they are one of the most valuable investment tools you can have. And nowhere is this better illustrated than in the behaviour of currencies.

Charts will always tell you when the primary trend changes. This is nowhere better illustrated than in the behaviour of currencies.

The pound, particularly against the US dollar, suffered an important setback starting in August last year. In previous issues we said that the level of $1.40 was a long-term support level that we expected to hold and so far, that is the case. We can now be comfortable in making the following observation.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.