• Which Way Will The EURUSD Go?

    Which Way Will The EURUSD Go?

    July 31, 2013 (4:15 pm) – The EURUSD pair had been on an uptrend at least on its 1-hour chart. Recently, though, it has been trading within a rectangle pattern. As you can see, the fiber has swung between its resistance at around 1.3290 – 1.3300 and its support at 1.3240. Now the euro may

  • Will Gold Resume Its Downtrend?

    Will Gold Resume Its Downtrend?

    Gold has been on a major downtrend since it broke down from its support at $1,550.00. Soon after the precious metal saw its price slip to a low of around $1,200.00. Recently, though, the XAUUSD pair made a comeback as it rallied back towards $1,350.00. But given its technical set-up, its likely that gold may

  • Chance To Ride The Missed EURJPY Breakout

    Chance To Ride The Missed EURJPY Breakout

    The EURJPY pair previously broke out from a continuation inverted head and shoulders pattern. This occurred when the euro surged against the Japanese yen to bring the pair over its resistance at 132.00. Following the breakout, the pair rose to a high of around 132.70. Since reaching the mentioned high, the pair has weakened and

  • Kiwi To Revisit 0.8000?

    Kiwi To Revisit 0.8000?

    July 24, 2013 (5:10 pm) – The NZDUSD pair has been on an uptrend as seen on its 1-hour chart. The kiwi has risen against the US dollar and has brought the pair to a high of around 0.8000 from a low of around 0.7740. However, the pair has met a resistance at 0.8000, causing

  • Possible “Throwback” On EURUSD

    Possible “Throwback” On EURUSD

    The EURUSD pair or the ‘fiber’ as what they call it in the street has moved outside of its resistance 1.3175. Although as of late, the pair appears to have softened a bit, causing it to correct back to the mentioned level. The question now is, “Will the EURUSD bounce off of its former resistance

  • Gold To Extend Its Rally?

    Gold To Extend Its Rally?

    Gold prices may extend its rally as the precious yellow metal was able to jump over its short term downtrend line. The recent breakaway gap of the XAUUSD pair may send it higher towards 1,350.00. While it is likely that it will extend its rally due to the recent appetite on the commodity, it may

  • August Schedule

    August Schedule

    See class details below: Intensive Stock Market Technical Analysis Class When: August 10, 2013, 9am-5pm Where: Old Swiss Inn, Somerset Olympia Makati Hotel Regular Rate: Php7000 Early Bird Rate: Php6000 Total Slots: 16 Learn Technical Analysis and know when to buy and sell stocks. This is an intensive hands-on class where you will learn everything

  • The New and Improved Trading Edge Training & Consultancy Website

    We have given our website a facelift! Our new site is live and offers an improved venue for online interaction on Philippine-based stock market and forex trading. Staying true to our vision to promote financial literacy and knowledge on better stock investing and trading, we are now sporting a section about Foreign Exchange alongside our

  • Playing The USDCAD Range

    Playing The USDCAD Range

    The USD/CAD pair has been trading within a rectangle or a box with a support at 1.0360 and a resistance at 1.0440. As you can see from its 1-hour chart, the pair has fallen towards the range’s support. If this level holds then the USD may bounce back against the loonie and bring the pair

  • Possible Bounce On The AUDUSD

    Possible Bounce On The AUDUSD

    The Australian dollar may once again bounce versus the US dollar as the AUDUSD pair finds some support at its previous resistance at the 0.9200 level. As you can see from its 1-hour chart, the AUD/USD pair has retraced back to the 0.9200 marker after rising recently to 0.9260. A presence of a hidden bullish