• 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

  • 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

  • EURUSD Moved As Expected. What’s Next?

    EURUSD Moved As Expected. What’s Next?

    As a follow up to our previous post on EURUSD (kindly click here), the fiber indeed met some resistance at the 1.3290 – 1.3300 area after initially being pushed by better-than-expected German unemployment change and unemployment rate for the entire eurozone. At night, news of the 1.7% 2Q GDP growth of the US (versus 1.1%

  • 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

  • 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