The Advisor Weblog

Hourly perspective for US session
EUR/USD bearish channel
Best pair to trade now: GBP/USD
Starting the day

Hourly perspective for US session

Posted: 10 Dec 2010 06:39 AM PST

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010/12/10/02/

EUR/USD bearish channel

Posted: 10 Dec 2010 05:26 AM PST

EUR/USD is moving inside a 4 hours descendant channel, with the roof now around 1.3280, als strong static resistance area, and indicators totaly flat around theur midlines; pair has no strength either side of the board, yet with the 20 SMA above current price and the channel, I favor the downside. Short term supports are at 1.3230, 1.3200 and 1.3160 yesterday’s low, while above the channed roof, 1.3320 is next resistance to take care off, but at this point, pair shows no aims of testing that level.

Best pair to trade now: GBP/USD

Posted: 10 Dec 2010 05:11 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010/12/10/02/

Starting the day

Posted: 10 Dec 2010 05:05 AM PST

Hi everyone and welcome to this blog! Complex morning, worse night for me, and I’m again late, so my apologizes! I promise will rest all weekend to get ready for next week.

Anyway and from the technical point of view, there is not much new under the sun, except maybe, GBP/USD reaching a fresh weekly high, barely above previous one. Market trades by sentiment and capped in small ranges due to the lack of volume, and things will probably get worse over next week for intraday traders.

Will made a post of Euro and Pound right away, with some interesting things to watch.

Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!