• 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

  • 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

  • PX Target Reached. Downturn Next?

    PX Target Reached. Downturn Next?

    After breaking out from a small inverted head and shoulders (kindly see our previous post HERE), Philex Mining Corp. (PX) indeed reached our target of Php 18.50. However, it seems that the tide could turn on the negative side soon. As you can see from its chart, PX is still generally in a bearish environment