Thursday, March 18, 2010

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


Gbp vs Jpy (1H) - Preferably, I'm looking towards a bearish trend scenario either refering to the alt count in yellow, white or magenta. A breakout towards the major yellow lower trendline would bolster towards the alt count in magenta. Otherwise, we shall expecting for a bounce scenario either refering to the alt count in yellow or white.


Aud vs Usd (Daily) - Please be noted that due to the breakout towards the upper green trendline, I have to made some recount adjustment refering to the alt count in magenta. A strong pullback would bolster towards the alt count in white scenario. Otherwise, another bullish rally would indicates either we shall see a "double top" scenario either refering to the alt count in magenta or yellow.

Usd vs Cad (Daily) - Preferably, I believed market just performed a "bearish trap" scenario and I'm looking forward for a major bullish reversal trend scenario either refering to the alt count in yellow or white. Otherwise, please be careful for any breakout towards the bearish continuation critical line 1. Happy weekend and good luck.