Sunday, May 23, 2010

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


Gbp vs Jpy (1H) - At this moment, I believed market in progress to perform sub corrective wave a in white or wave 4 in magenta. Therefore, I'm looking forward for another bearish continuation trend scenario later either to complete sub corrective wave b in white or wave 4 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline and R3 critical line.


Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete major wave C either in white or magenta. Please be careful for any bullish retracement trend scenario later.


Usd vs Cad (Daily) - Favourably, I believed market already in progress to perform a major bullish reversal trend scenario to perform wave C either in white or yellow. Please be noted that market have to perform a 5 bullish wave structures to complete wave 5 in C. Therefore, please be careful for any bearish retracement trend scenario later. Good luck.