• Potential Deep Slide In CADJPY

    Potential Deep Slide In CADJPY

    Bearish sentiment in the global financial markets led many investors to the relative safety of the of the Japanese yen in the last couple weeks. As you can see from the weekly chart of the CADJPY, the currency pair is now tip-toeing its major support around the 92.00 zone. Over the last several months, the

  • Rally Extension Seen In Gold?

    Rally Extension Seen In Gold?

    The price of gold or the XAUUSD pair appears to have recently broken above a key resistance level last Friday. Its rise over the 1,260 marker translates to a breach of its downtrend line and it’s the neckline support of what looks to be a head and shoulders pattern.  Moreover, the jump that it made

  • Philippine Peso To US Dollar Exchange Rate Aiming For Php49.00?

    Philippine Peso To US Dollar Exchange Rate Aiming For Php49.00?

    Things may start to get a bit gloomier for the Philippine peso as the USDPHP pair looks to have broken out from an inverted head and shoulders pattern. Remember that a breakout from such pattern may eventually lead to a reversal of its previous downtrend. If this is the case, then the pair may rise

  • Start Of A Bull Run For LC?

    Start Of A Bull Run For LC?

    Today’s move in the ‘A’ shares of Lepanto Consolidated Mining Company (LC) may be a start of better things to come. As you can see, the stock has recently broken above the resistance at its previous support at Php0.40. More importantly, today’s break is also a break out from a bullish cup and handle or

  • A Sustained Rebound Seen In URC

    A Sustained Rebound Seen In URC

    Universal Robina Corporation (URC) may finally swing higher following an escape from an ascending triangle formation today. As you can see from its chart, the stock has successfully closed above its resistance at Php120.00. If it can continue to stay above the said level then it may be able to rise further towards its next

  • Will 2014 Be A Banner Year For VMC?

    Will 2014 Be A Banner Year For VMC?

    2014 may be a year to remember for Victorias Milling Company, Inc. (VMC) as it appears to have broken out from a rather big cup and handle pattern. If the said breakout is sustained and the stock manages to keep its head above Php2.18 then it may be able to rise towards its pattern target

  • 2014 Outlook On The PSEi

    2014 Outlook On The PSEi

    The Philippine Stock Exchange Index or the PSEi suffered a major blow last year after marking a record high of just 7,400. As you can see, the index effectively erased majority of its gains to end 2013 with only a marginal gain of 1.3% after initially rising by 28%. Despite last year’s roller coaster ride

  • Start Of The GBPJPY DIP?

    Start Of The GBPJPY DIP?

    2014 may be a not so good year for the GBPJPY bulls as the pair appears to have just broken down from a head and shoulders (kilroy) pattern. After reaching a high of 174.84 last January 2, the Japanese yen eventually rallied against the Sterling pound, leading the pair below its neckline at 170.70. At