• First Philippine Holdings On The Way To Php110.00

    First Philippine Holdings On The Way To Php110.00

    First Philippine Holdings Corporation (FPH) may soon follow in the footsteps of EDC and FGEN. As you can see from its chart, the stock appears to have finally broken out of an ascending triangle pattern when it moved past the resistance of its recent consolidation at Php92.00. If FPH can sustain its move past Php92.00

  • May Finally Get Unstuck From WEB

    May Finally Get Unstuck From WEB

    Philweb Corporation (WEB) has been on a major downtrend for more than a year now. Notice, though, that the stock appears to be in a process of completing a potential basing pattern that resembles either a rounding bottom or a cup and handle. Following a move past the Php6.14-Php6.30 area, WEB may finally put itself

  • USDCHF Poised For More Upmove

    USDCHF Poised For More Upmove

    August 15, 2013 (10:10 pm) – The USDCHF pair appears to be on the verge of completing an inverted kilroy pattern (commonly known as inverted head and shoulders) in its 4-hour chart. If the US dollar extends its gains against the Swiss franc and the pair successfully moves above its 0.9400 resistance then it may

  • 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

  • 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