USD/PHP Potential Bearish Bat - September 27, 2016

The Philippine Peso remains weak against the US Dollar. If USD/PHP breaks 48.35, the bulls might push this up to 49 for the completion of a Bearish Bat Harmonic Pattern.

Union Bank of the Philippines (UBP) - September 25, 2016

It should not go below 73. If the Bulls Breaks 74, they might push it to 78-80 Level.

Nickel Asia Corporation (NIKL) - September 25, 2016

The Bulls already broke the 6.80 Resistance area. They might push this up to 8.30 to 8.50 region. Cut below 6.15.

Philex Mining Corporation (PX) - September 25, 2016

The Bulls should challenge 8.80 to 9 area for a minimum target of 10.  If 10 is taken out they might push this up to 11 to 11.20 area. Cut if goes below 8.

DOW Jones Rising Wedge - September 25, 2016

The Dow climbed 98 points the day after FED decided  to keep the interest rates steady.  DOW found resistance at the RSI Trendline and It might challenge again the 100MA and the Lower Trendline of the Rising Wedge.

USD/PHP and PSEi Inverse Relationship - September 24, 2016

If you look at the chart there is a inverse relationship between USD/PHP (Red line) and PSEi (Blue Line) or the Philippine Stock Exchange Index. The PSEi is going down while the USD/PHP is going up.

Philippine Peso (PHP) Remains Weak against US Dollar (USD) - Update 1

Looks like USD/PHP respected the PRZ of a Bearish ABCD that we identified but the higher trendline is supporting it from going down further. Check here http://fibonaccitrader618.blogspot.com/2016/09/philippine-peso-php-remains-weak.html.

Vitarich Corporation (VITA) - September 18, 2016

If VITA Breaks 2.67 to 2.70 area and stays above that range the bulls might push this up to 2.97 to 3.10. This might overshoot up to 3.78 if 3.10 is taken out.

Apex Mining Company, Inc. (APX) - September 18, 2016

The Bears are still in control but the Bulls might fight at 2.60 to 2.67 area.
Olats if it will go below 2.50.

Prime Onions Philippines, Inc. (POPI) - September 18, 2016

Check if it Breaks 2.07 - 2.10. It might go up to 2.20 - 2.25 range.

Pryce Corporation (PPC) - September 18, 2016

It must take out 3.55 and might challenge 4 to 4.15 area.

WTI Crude Oil - Potential Bullish Gartley - 9-18-2016

It seem's that WTI is forming a Potential Bullish Gartley with PRZ at 41.34.

PSEi Stocks Year to Date Returns as of September 16, 2016

PSEi Stocks Year to Date Returns as of September 16, 2016

PSEi Moves Back Above 100 MA - September 15, 2016

PSEi closes at 7708.42 up by 162.41 points or 2.15%. Value turnover was at 8.039 Billion. Index Gainer : PCOR, DMC, AEV, JGS, BPI, BDO, SMPH and AP.

If you look at the daily chart PSEi move back above 100MA.

On the 5 minutes chart PSEi respected the Bullish Crab Harmonic Pattern. A Bullish Divergence also was also spotted.

EEI Corporation (EEI) Potential Bullish Alt Bat - Potential Bullish Alt Bat

Look at the 7 area which is the Potential Reversal Zone of Bullish Alt Bat of  for possible bounce.

Cement Holdings Philippines Inc (CHP) Potential Bullish Gartley - September 14, 2016

Watch out 11.10 to 11.26 area for this is the PRZ of a Bullish Gartley.

Xurpas Inc. (X) Potential Bullish Bat - September 14, 2016

Xurpas Inc. (X) is forming a Potential Bullish Bat that aims to be completed at 12-30 to 12.70 area. Watch out this level.

DOW Jones Moves Back Above 100 MA - September 12, 2016

DOW Jones is up by +239.6points or  +1.32% and again trading above 100MA. US equities rebounded after the dovish speech from Federal Reserve Governor Lael Brainard. Brainard, a voting member of the Fed's policymaking committee, said she remained concerned about the impact that global difficulties would have on the U.S. economy and warned against hiking rates too soon.

Dow Jones Potential Bullish Shark - September 12, 2016

Dow Jones is down by -394.46 points or (-2.13%) on concerns that FED may raise interest on the 21st. DOW Futures as of today is -436 points or -2.37%.

DOW is currently at 100MA and there is a potential Bullish Shark Harmonic Pattern that is forming that aims to be completed at 15760 level.

Philippine Peso (PHP) Remains Weak against US Dollar (USD)

US Dollar (USD) is getting stronger against the Philippine Peso (PHP). As per technical of view there is a Emerging Bearish ABCD that is forming with Potential Reversal Zone (PRZ) at 47.88. Resistance is seen at 47.25 and support at 47.03.

RSI is approaching at trendline resistance.

EURUSD Ascending Channel on Monthly Chart - September 11, 2016

EURUSD completed a Bearish Three Drives last July 31, 2008. Currently above the Trendline of the Ascending Channel.