• Potential Rebound On Deck In Gold

    Potential Rebound On Deck In Gold

    In our entry that we posted last January 27 (kindly see it HERE), we noted that the price of spot gold or the XAUUSD pair would likely head north towards a minimum target of $1,350 given its breakout from an inverted head and shoulders pattern. Indeed, the yellow metal reached for the said objective and

  • 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

  • EURUSD Poised For A Major Slide

    EURUSD Poised For A Major Slide

    Despite the taper news in the US, the EURUSD or the fiber still managed to rise from a 2013 low of around 1.2800 all the way to a year-end score of 1.37464. For a time, it appears that it would breakaway further as it was able to rise over the 1.3800 marker. A major long

  • Massive Rise Maybe In The Works In USDCAD

    Massive Rise Maybe In The Works In USDCAD

    The US dollar may be in a position to score big versus its little brother up north – the Canadian dollar. As you can see from the weekly chart of the USDCAD pair, it looks to have just broken out from a rather massive rounding bottom pattern when it successfully punched through its neckline resistance

  • Range Or Breakout Play On The Cable

    Range Or Breakout Play On The Cable

    The GBPUSD pair or the Cable as what people call it in the streets has risen towards the upper part of its trading range. As you can see from its daily chart, the pair is just a step or two from reaching its resistance at 1.6250. If selling persists at this level as it did

  • Head And Shoulders Breakdown On The AUDUSD?

    Head And Shoulders Breakdown On The AUDUSD?

    The AUDUSD pair looks to have been in the process of breaking down from a head and shoulders (kilroy) pattern as seen in its daily chart. Notice that the pair neckline lines up pretty well with its previous resistance at 0.9300. Hence, if the pair manages to close below the said level, then it may

  • Will The 0.9200 Handle Hold For The AUDUSD?

    Will The 0.9200 Handle Hold For The AUDUSD?

    The Australian dollar has rallied against the US dollar all the way up to 0.9200 since falling to a low of 0.8900. As you can see from its chart, the 0.9200 marker has previously been tested as a solid resistance. Given this, the aussie may find some selling at this level which may then lead

  • Will The USDJPY Rally?

    Will The USDJPY Rally?

    August 5, 2013 (3:48 pm) – After breaking out from a rectangle or box pattern and reaching a high of around 99.80, a weaker-than-expected NFP report in the US caused the USDJPY pair sharply fall. At present, the pair again is exchanging around its previous trading range’s resistance. If the 98.40 level revises its role

  • Looking To Jump Into The USDCAD Breakout

    Looking To Jump Into The USDCAD Breakout

    August 2, 2013 (2:31 pm) – The USDCAD pair has recently broken out from an inverted head and shoulders (inverted kilroy) or a rounding bottom pattern as seen in its 1-hour chart. The pair has hit a high of around 1.0360 after moving above its neckline resistance at 1.0320. Now if the Canadian dollar temporarily