FXOptimax Market Analysis

15th December 2017 Market Outlook

Aussie Kiwi – AUD/NZD pullback into its 1.1010–1.0980 resistance area yesterday which traders may hunt for potential shorting opportunity as the short term trend is bearish at the moment. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry. There’s no immediate support […]


14th December 2017 Market Outlook

Pound Dollar – GBP/USD rally higher after price rejected its 1.3300–1.3270 support area as we expected in our 13th December 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 continue to rally higher in the coming […]


13th December 2017 Market Outlook

Pound Kiwi – GBP/NZD formed a double top formation which could cause price to decline lower in the coming weeks. The long term trend is still bullish therefore conservative traders may wait for further confirmation before shorting this market while aggressive traders may consider shorting this market especially if price pullback into its 1.9400 resistance level to […]


12th December 2017 Market Outlook

Euro Yen – EUR/JPY is currently consolidating within 134.30 resistance level and 131.20 support level. If price is able to breakout above the 134.30 resistance level, we are then likely going to see further rally coming into this market in the coming weeks as the long term trend is still bullish. Traders may consider buying into […]


11th December 2017 Market Outlook

Kiwi Yen – NZD/JPY is making its way back into its 78.40–78.00 resistance area. Traders may consider shorting this market If price indeed pullback into the resistance area as the overall trend is still bearish. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry. […]


8th December 2017 Market Outlook

Loonie Dollar – USD/CAD rally higher after price rejected its 1.2660 support level as we expected in our 6th December 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 continue to rally higher into its 1.2910 […]


7th December 2017 Market Outlook

Aussie Yen – AUD/JPY decline lower after price rejected its 86.00–85.70 resistance area as we expected in our 6th December 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as the trend is still bearish and price is likely going to continue to decline lower in the […]


6th December 2017 Market Outlook

Aussie Yen – AUD/JPY rejected its 86.00–85.70 resistance area yesterday showing that the bears are still in this market. Given that the trend is bearish at the moment, traders may consider shorting this market to jump on the bearish trend. There’s no immediate support level below which offer traders huge profit margin to trade the short side […]


5th December 2017 Market Outlook

Euro Loonie – EUR/CAD pullback into its 1.5030–1.4970 support area yesterday which traders may hunt for potential buying opportunities as the short term trend is still bullish. Traders may also zoom in to the lower time frame charts to look for buying opportunities for a more favorable risk:reward trade.   Euro Pound – EUR/GBP is currently consolidating above its […]


4th December 2017 Market Outlook

Euro Loonie – EUR/CAD is making its way back into its 1.5030–1.4970 support area which traders may hunt for potential buying opportunities as the short term trend is still bullish. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.   Aussie Yen – […]



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