Wednesday, February 24, 2010

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


Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish continuation trend scenario refering either toward the alt counts in magenta or aqua. A breakout towards the white critical line would bolster to this scenario. Otherwise, please be careful for any "bearish trap" scenario refering to the alt count in white.


Gbp vs Jpy (Daily) - A further strong bearish continuation trend is still remain to be seen to bolster towards the alt count in magenta scenario. Please be careful for any bounce scenario.


Eur vs Usd (4H) - At this moment, a breakout toward the white critical line would bolster towards the alt count in magenta scenario to complete wave 3. Otherwise, please be noted that a valid "diagonal triangle" reversal pattern would indicate that we may see a bullish retracement trend scenario to perform sub corrective wave a, b and c/2 in white.


Aud vs Cad (Daily) - Favourably, I'm looking forward for a "pullback scenario" towards a bearish continuation trend either refering to the alt counts in magenta or yellow scenario. Otherwise, please be careful for a breakout towards the upper green trendline.