FXOptimax Market Analysis

23rd May 2017 Market Outlook

Euro Dollar – EUR/USD continue to rally higher after price rejected its 1.0870–1.0830 support area followed by a breakout of its 1.1125 resistance level. Traders who went long at the 1.0870–1.0830 support area as we recommended in our 12th May 2017 Market Outlook may consider continue holding onto the long position with a trailing stop as there’s […]


22nd May 2017 Market Outlook

Euro Yen – EUR/JPY rally higher after price rejected its 122.80 support level as we expected in our 19th May 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to continue to rally higher into its 126.35 resistance level.   Loonie […]


19th May 2017 Market Outlook

Euro Yen – EUR/JPY pullback into its 122.80 and rejected it yesterday which could potentially lead price higher in the coming days. Given that the trend is bullish at the moment, traders may consider buying into this market to ride on the bullish trend. The next resistance level is not found until 126.35 which offer […]


18th May 2017 Market Outlook

Euro Dollar – EUR/USD blow through our first target of 1.1125 resistance level. Traders who went long as we recommended in our 12th May 2017 Market Outlook may consider taking partial profits off the table and leave the rest to run further with a trailing stop. There’s no immediate resistance level above which offer traders huge […]


17th May 2017 Market Outlook

Euro Dollar – EUR/USD shot up significantly higher and is approaching our first target of 1.1125 resistance level after price formed an indecision candlestick pattern at its 1.0870–1.0830 support area as we expected in our 12th May 2017 Market Outlook. Traders who went long as we recommended may consider scale out the position at the 1.1125 […]


16th May 2017 Market Outlook

Euro Dollar – EUR/USD continue to rally higher after price formed an indecision candlestick pattern at its 1.0870–1.0830 support area as we expected in our 12th May 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to […]


15th May 2017 Market Outlook

Euro Dollar – EUR/USD rally higher after price formed an indecision candlestick pattern at its 1.0870–1.0830 support area as we expected in our 12th May 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price could potentially rally even higher into its 1.1125 resistance level in […]


12th May 2017 Market Outlook

Euro Dollar – EUR/USD formed an indecision candlestick pattern at its 1.0870–1.0830 support area yesterday which could be a bullish trade setup for traders to go long in this market. Traders may consider buying into this market at the breakout of yesterday as it may serves as a confirmation for bullish sign. There’s no immediate resistance […]


11th May 2017 Market Outlook

Kiwi Dollar – NZD/USD breakout below its 0.6890–0.6862 support area yesterday which opened up the door for potential further decline. Given that the trend is bearish at the moment, traders may consider shorting this market. The next key support level is not found until 0.6675 which offer traders massive profit margin to trade the short side […]


10th May 2017 Market Outlook

Euro Dollar – EUR/USD pullback into its 1.0870–1.0830 support area yesterday which traders may hunt for potential buying opportunities as the trend is still bullish at the moment. Ideally we would prefer to see some rejections or any other form of confirmation before buying into this market to avoid false signal. Traders may have the first […]



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