FXOptimax Market Analysis

26th April 2017 Market Outlook

Gold – Gold pullback into its 1260.00 support level yesterday which traders may consider looking 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 signals. The next key resistance area […]


25th April 2017 Market Outlook

USD/PLN – USD/PLN decline lower after price rejected its 3.9800 resistance level as we expected in our 4th April 2017 Market Outlook. Traders who went short as we recommended may consider scale out the position at the current price level to lock in profits while leaving the rest to run further with a trailing stop […]


24th April 2017 Market Outlook

Euro Loonie – EUR/CAD gap up significantly higher today and could potentially pullback into its 1.4530 support level or even lower to close the gap before rally higher. If price pullback into the support level, traders may consider buying into this market as the trend is clearly bullish at the moment and there’s no significant resistance […]


21st April 2017 Market Outlook

NZD/CAD – NZD/CAD rejected its 0.9440 resistance level yesterday which could potentially result in price decline lower in the coming days. Traders may consider shorting this market as the momentum is slightly bearish at the moment. Ideally we would prefer to have price breakout yesterday low before shorting this market as it could serve as […]


20th April 2017 Market Outlook

Pound Loonie – GBP/CAD shot up significantly higher after price pullback into its 1.6530–1.6465 support area and rejected it as we expected in our 31st March 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 could potentially rally even […]


19th April 2017 Market Outlook

Swiss Franc – USD/CHF fell lower after price rejected its upper end of the descending channel as we expected in our 17th April 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue to declines lower into its 0.9870 support […]


18th April 2017 Market Outlook

Aussie Loonie – AUD/CAD is losing its strength as price approaches the 1.0155–1.0130 resistance area as we can see through the smaller bullish candles. Aggressive traders may consider shorting this market to jump on this potential bearish swing while conservative may wait for price to pullback into 1.0155–1.0130 resistance area before shorting for a safer entry […]


17th April 2017 Market Outlook

Euro Yen – EUR/JPY continue its decline after price breakout below its 118.45 and 116.30 support level. Given that the trend is bearish at the moment and there’s no immediate support level below, traders may consider shorting this market to ride on the bearish trend. The next support level is located at 112.35 which offer […]


14th April 2017 Market Outlook

Pound Yen – GBP/JPY is currently trading at its 136.45 support level. Price has been consolidating for quite a few months now and if price is able to breakout below its 136.45 support level, we could potentially see a strong selloff in this market. Traders may consider shorting at the breakout of the 136.45 support level […]


13th April 2017 Market Outlook

Aussie Yen – AUD/JPY continue to declines lower after price breakout below its 84.00 support level as we expected in our 27th March 2017 Market Outlook. Traders who went short at the breakout of its ascending triangle consolidation as we recommended in our 23rd March 2017 Market Outlook may consider continue holding onto the short position […]



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