Market Watch

AUDNZD - This pair has the monthly MACD already on the underside and STOC is in the oversold area, so this is a chance to buy it - We are now holding our covered long positions at 1.03648 and 1.02915.

EURAUD - Although the monthly STOC is near the oversold level but MACD still has some distances to go down at least to 1.4300, so it is a chance to sell whenever possible - We are now holding short positions at 1.49376 and 1.50125.

EURCAD - This pair has had some repeatedly rebounds from April's low when the weekly MACD started to go under the zero line, so we decided to get in for a sell whenever it has a rebound from monthly AL - We are now holding covered short positions at 1.47741.

GBPAUD - Although the monthly MACD is already going to the underside and STOC is in the oversold area, there is still some distances for it to go down, so we are in to sell this pair whenever possible - We are now holding short positions at 1.77360.

GBPCAD - This pair has the monthly MACD already on the upper side and the STOC is in the overbought area, so it has a potential to go downward eventually, so we will sell it whenever there is an opportunity to do so - We are now holding covered short positions at 1.73700 and 1.74862.

GBPCHF - This pair has the monthly STOC on the path downward to the oversold level and monthly MACD is already making a crossover near the zero line, so this is a chance to buy it whenever possible - We are now holding long positions at 1.28217.

USDCAD - The pair will need some upward corrections before going down again, at least to 1.2460 level, so this is a chance to sell it whenever there's an opportunity to do so - We are now holding covered short positions at 1.31169.

(Charts: Forex Trader)

Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and damage which may arise directly or indirectly from the content of these and future articles.