Market Watch

AUDJPY - Although this pair has its monthly STOC already left the oversold area, MACD is still on the underside, thus it has some distance to go down before making a turn - Yesterday we closed our long positions and took a profit of 57 pips. We are now standing a side waiting for a minor correction before getting in again.

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.

EURJPY - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy or sell whenever there is a right condition - We are now holding long positions at 121.9238 and 1.14871.

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 - Yesterday we closed our short positions and took a profit of 152 pips. We are now standing aside waiting for a minor correction to happen before selling it again.

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 - Yesterday we closed some of our short positions and took a profit of 145 pips. We are now still holding covered short positions at 1.73633.

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 - Yesterday we closed some of our positions and took a profit of 44 pips. We are now sill holding long positions at 1.32411.

NZDCAD - This pair has its monthly MACD on the upper side and STOC at the overbought level for 2 months, so this is a chance to sell it - We are now holding our covered short positions at 0.95298, 0.95390 and 0.95616.

NZDCHF - This pair still has its monthly MACD on the underside and STOC is already in the overbought area for nearly two months, so this is a chance to sell it although we usually refer to buy this pair because of the rollover rate - We are now holding temporary long positions at 0.70846

NZDJPY (BUY/SELL) - Although this pair's monthly MACD has been on the underside, but monthly STOC has arised from the oversold level for about 2 months, so this is a time to buy (or sell) whenever there's a chance to do so - We are now holding covered short positions at 74.911.

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.

USDJPY - It is an opportunity to buy this pair when monthly MACD has gone to the underside and the STOCs is already in oversold area - We are now holding long positions at 101.9850

(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.