Sunday, January 31, 2010

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


Gbp vs Jpy (Daily) - At this moment, I'm looking for a breakout towards the major lower red trendline to perform a bearish continuation trend scenario for subwave 3 either in white or magenta. Otherwise, please be careful for any strong bounce scenario perhaps to perform the corrective wave c in yellow.


Gbp vs Usd (Daily) - Please be noted that market already break the lower red trendline. Preferably, I'm looking forward for a further strong bearish continuation trend to perform subwave 3 either in yellow or magenta. Otherwise, please be careful for any "false breakout" or bounce scenario.


Eur vs Usd (Weekly) - Favourably, I'm looking forwards for a bounce scenario from the bearish continuation critical line 1 to perform a bullish retracement trend to complete subwave 2 in white. Otherwise, please be careful for another breakout towards the critical line perhaps to perform an extension of subwave 1.


Aud vs Usd (Daily) - Preferably, I believed subwave 1 will be completed soon and expecting for a bounce scenario from the bearish continuation critical line 1 to perform a bullish retracement trend to complete subwave 2 in white. Otherwise, we may see an extension of subwave 1 if the critical line is taken.


Usd vs Cad (Daily) - At this moment, I'm looking forward for a bearish retracement trend scenario to perform subwave 2 before expecting for another bullish rally to perform subwave 3 in yellow. But, please be careful for an "ascending triangle" bullish continuation pattern in 1H chart which we may see another bullish rally to complete subwave 5 in 1 (yellow). Otherwise, I believed market is already completed a truncated subwave 5 in 1 and expecting for a bearish retracement trend very soon within this week. Good luck.