Festive Charts GBPUSD , USDCHF, EURGBP AUDUSD, AUDJPY,

GBPUSD DAILY 

                                                     

Possible bull Trap in the GBPUSD if 1.6440 is not broken

GBPUSD 4hrs 27/12/2013
 Move to the Upside @ Resistance 1.6549 and tries to break Out

USDCHF4hrs          

 volatility may bring the CHF back to the rising trend line for a continuation for the move up towards 0.9020

27/12/2013 updated break of the rising trend line allows for the down side to prevail bounce up into wave  4 then possible wave 5 decline towards 0.8782

EURGBP 4hrs        

A confirmed 3rd wave rally above 0.8388 and break out outside the Poseidon trigger line will increase gain in the Eurgbp towards 0.84665

27/12/2013 updated EURGBP

AUDUSD 4hrs        

Break above Monthly  resistance 0.8927 will cause a nice bounce in the overdue AUDUSD

AUDUSD 27122013 Updated 

AUDUSD Sideways  With possible upside corrective bias

US Session 27/12/2013 update Downside trend line triggered 

break of 0.8874 will confirm we are headed for possible further lows  0.8835 lows

AUDJPY4HRS   

If the YEN gains strength over the Christmas Period a wave iii Down after a failure to rise above 93.48 and a break below 92.63 will set up a test of the Lows @ 91.05 

      

AUDJPY 27122013 Updated Working out well with a small move up as predicted

Hope you had a Great Christmas!!! and Good Luck and have a  Happy New Year 

EUR/AUD

DAILY CHART ANALYSIS

The daily high held and respected the trend line setting up for two possible sell positions

• The first count has a possible sell to the first support structure at level 1.49373 to buy back up to retest the "DAILY" highs at level 1.55183.
• The alternative count: if the possible support structure is broken, then it may be looking to sell to lower support trend line at 1.4656 level to retest the structure level of 1.49373 to sell to the second support structure of 1.41387.

4HR CHART ANALYSIS

With the 4hr's forming a "HEAD&SHOULDERS", there's a possible buy up to the trend line at level 1.5492 for a sell down to test first level at 1.49373.

Usdcad Core Retail Sales

UsdCad

1. Core Retail Sales: Friday, 13:30. This indicator is considered the most important gauges of consumer spending. Core Retail Sales excludes automobile sales, which tend to be volatile and distort the release. The indicator has been weakening in recent readings, and posted an unimpressive figure of 0.0% in October, shy of the estimate of 0.2%. The estimate remains at 0.0% for the upcoming release.
2. Retail Sales: Friday, 13:30. Retail Sales posted a strong gain of 1.0%, a four-month high. This easily beat the estimate of 0.3%. The markets are anticipating another gain of 0.3% for the upcoming release.

USDCAD Hrly: 

EURUSD ELWAVE COUNT 1 HOUR

EURUSD ELWAVE  1 HOUR COUNT:

EURGBP 1hrly Elwave Count

EURGBP

EURUSD Christmas Week

EURUSD

T4x Outlook: : Long positions above 1.3624 with targets @ 1.36709 & 1.3810 in extension. above the Poseidon Medium line @ 1.3718 which would further increase the bullish view to challenge the highs @ 1.3815

T4x Substitute Outlook : Below 1.3625 look for further downside with 1.3525 & 1.3399 as targets.

T4x  opinion : the pair is facing a structural break @ 1.3708 back after a few days of sideways action.however we prefer to stay with the trend until 1.3424/1.3604 is broken 

EURCAD Trade OF the Day

Double Top identified 

Entry on the Pull back 1.45864-1.45793

Below 1.4574 Look for further down side 

T4X : Alternative above weekly pivot 1.4574 - 1.4595 look for a challenge of the double top @  1.4655