Market Watch

AUDCAD - In the overall outlook, this pair still has a long way to go down, at least to 0.93500. Although the monthly MACD is still on the underside but the STOC has come into the overbought area, so this is the chance to sell it again - We are now holding short positions at 0.99641.

CHFJPY - Its monthly STOC has been in the oversold area since 2/16 and MACD has already passed the zero line, so this is a chance to buy this pair - We are now holding long positions at 103.8190.

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 long positions at 1.72216.

GBPNZD - This pair has its monthly MACD well on the underside and STOC is in the oversold area for two months, but there is still some chances for it to go down a bit before turning up, so we will sell it whenever there is an opportunity to do so - We are now holding our long positions at 1.78489 AND 1.78644.

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 0.95748, 0.95777 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 - Yesterday we closed our temporary long positions and took a profit of 83 pips. We are now standing aside waiting for another chance to buy it again.

(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.