Wednesday, January 27, 2010

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


Gbp vs Jpy (1H) - At this moment, I'm looking for a "pullback" scenario either from the upper green trendline or the R3 critical line. Otherwise, please be careful for any strong breakout for another bullish rally scenario.


Usd vs Cad (Daily) - At this moment, I believed market in progress to complete wave 1. Preferably, I'm looking forward for a bearish retracement trend scenario to perform wave 2 before expecting for another strong bullish continuation trend scenario to perform wave 3.


Aud vs Usd (Daily) - I believed market in progress to complete subwave 1 in white. Therefore, please be careful for any possibility towards a bullish retracement trend to perform subwave 2 before expecting for a further bearish continuation trend to perform subwave 3 in C.


Eur vs Usd (Weekly) - At this moment, please be extra careful for any possibility towards a bullish retracement trend to perform subwave 2 (white or magenta) once subwave 1 is completed. Otherwise, we may see an extension scenario of subwave 1 . Good luck.