Wednesday, February 3, 2010

Gbp vs Jpy 1H, Usd vs Cad, Aud vs Usd & Eur vs Usd - Market Overview


Gbp vs Jpy (Weekly) - At this moment, I'm looking forward market to perform further bearish continuation trend perhaps to complete corrective subwave d (aqua) for a descending triangle bearish continuation pattern. Otherwise, please be careful for any breakout towards the upper trendline in 1H chart.


Usd vs Cad (Daily) - Preferably, I believed market will perform a further bearish retracement trend scenario to complete subwave 2 before expecting for another bullish continuation (reversal) trend to perform subwave 3 in yellow.


Aud vs Usd (Daily) - At this moment, I believed market in progress to complete the subwave 1 either in white or magenta. Therefore. I'm looking towards a bullish retracement trend scenario to perform a subwave 2 later. Please be careful for an extension fo subwave 1 in magenta.


Eur vs Usd (Weekly) - Preferably, I believed market will perform a bullish retracement trend to complete subwave 2 (white or magenta) later. A breakout towards the white critical line may indicate that we may see an extension of subwave 1 (magenta) first before expecting for a bullish retracement trend scenario. Good luck.