• Near Term Catalyst For The PSEi

    Near Term Catalyst For The PSEi

    Much has been said already about how the government’s tax reform package will drive the local stock market higher even past its 8,100 peak. For the mean time, the index has been stuck within a tight range with a support at 7,123 and a resistance at 7,400 while the said tax reform is currently being

  • PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi write-up from the Trading Edge Equity Advisor: December 29, 2016 It was literally a roller coaster ride for the local market over the past couple of years. After reaching an all-time high of 8,136.97 in 2015, the index had since slid back to 6,952.08, effectively erasing all of its gains for that year and more.

  • 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

  • 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

  • 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