EURUSD Weekly Analysis 26122010
By BC,

Weekly Chart : EURUSD is currently below 100MA, 20MA and 5MA which is weak. A doji appeared last two weeks ago show that market is trying to rebound but Shaven head this week confirmed the rebound was failed. I am expecting the market continue to falls this week.

EURUSD Weekly Chart
Daily Chart : Daily chart ended higher than thursday and slightly above 5MA suggesting it might start to rebound. Because of weekly chart was in bearish mode, the rebound should be capped by 100MA. For Monday, it should be close flat or slight higher than Friday, expecting low volatility as now is holiday session.

EURUSD Daily Chart
Hourly Chart: Bollinger band and chart shape started to squeeze and 100MA had been broken, suggesting a rebound might following after this. However currently this chart is still under 100MA, 20MA and 5MA which is still in bearish mode.

EURUSD Hourly Chart

Conclusion: Weekly chart is bearish, daily chart is flat and hourly chart is flat with opportunity of rebound . It suggested that market might rebound in the start of this week and continue with slides.

GBPUSD Weekly Analysis 26122010
By BC,

Weekly Chart: Under 200MA, 100MA, 50MA, 20MA and 5MA. Bearish.

GBPUSD Weekly Chart
Daily Chart: Supported by 200MA, it is obviously a daily wave finish and suggesting a rebound. But bearish weekly outlook may suppress this. So it might be flat or little rebound. Should be well capped under 20MA and 100MA.

GBPUSD Daily Chart
Hourly Chart: Chart pattern been change to up trend. Suggesting a rebound coming. However, same as EURUSD, it is still under 100MA and 5MA which is still weak.

GBPUSD Hourly Chart
Conclusion, Same like EURUSD, weekly chart is bearish, daily chart and hourly chart suggesting a possible of rebound. It might start rebound for the start of the weak and turn back bearish in daily chart and hourly chart on end of the week.