The Advisor Weblog

Hourly perspective for US session
The US Economic Collapse
EUR/USD technical perspective
Best pair to trade now: GBP/USD
Starting the day

Hourly perspective for US session

Posted: 17 Feb 2011 06:41 AM PST

Here is the hourly perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/02/17/03/

The US Economic Collapse

Posted: 17 Feb 2011 05:27 AM PST

I found this article on the web, and I do believe is worths reading.. enjoy!

http://theeconomiccollapseblog.com/archives/what-is-wrong-with-the-u-s-economy-here-are-10-economic-charts-that-will-blow-your-mind

EUR/USD technical perspective

Posted: 17 Feb 2011 05:00 AM PST

The cross is not showing any strength either side of the board, as indicators remain mostly flat. Dollar weakness across the board however, should favor the upside in the cross. Watch for the descendant trend line coming from 1.3861 as immediate resistance area to break, around 1.3620; if above,rally could extend near 1.3680/1.3700 today. Supports, come at 1.3535 1.3500 and the 1.3460 price zone.

Best pair to trade now: GBP/USD

Posted: 17 Feb 2011 04:35 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/02/17/

Starting the day

Posted: 17 Feb 2011 04:28 AM PST

Hi everyone, and welcome back! Market has been pretty quiet during Asia and most of this European morning, although some life is now surging around. Starting with Pound that surged above 1.6120, and remains there, and USD/CAD that’s testing yearly lows around 0.9830; indeed, I would expect both rallies to continue. EUR/USD despite above 1.3535, seems unable to extend gains beyond 1.3580, and had a short term trend line capping the upside around 1.3610. Will post a chart soon. Overall, seems we will have more dollar slides today.

Here is the link for todays' calendar:

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

Have a great day!