Thursday, January 28, 2010

Gbp vs Jpy, Eur vs Usd, Gbp vs Usd & Usd vs Cad - Market Overview


Gbp vs Jpy (Daily) - At this moment, price just bounce back from the major lower red trendline. Favourably, I'm looking forward for a breakout to bolster towards the major bearish continuation trend scenario. Otherwise, please be careful for any breakout towards the upper green trendline.


Eur vs Usd (Weekly) - At this moment, I'm looking forwards for any possibility towards a bullish retracement trend scenario perhap to perform a right shoulder of the H & S pattern refering to the subwave 2 either in white or magenta. Otherwise we may see an extension of subwave 1 scenario if the bearish continuation critical line 1 is taken.


Gbp vs Usd (Daily) - Preferably, I'm looking forward for a breakout towards the lower red trendline to perform subwave 3 either in yellow or magenta. Otherwise, please be careful for any breakout towards the upper yellow dotted trendline.


Usd vs Cad (Daily) - Preferably, I believed market will perform a bearish retracement trend scenario to perform subwave 2 in yellow. A "triple top" or later a "double top"bearish reversal pattern in 1H would bolster towards this scenario. Otherwise, please be careful for any possibility towards an extension of subwave 1. Happy weekend and good luck.