Market Watch

AUDCHF - This pair has its monthly STOC near the overbought level and its monthly MACD has the possibility to be down for sometime, so it is a chance to sell it - We are now holding short positions at 0.74311.

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 - We are now holding long positions at 76.3430.

AUDUSD - This pair still has its monthly MACD on the underside although STOC is near the overbought level, so it still has some distance to go (at least to 0.78300) for a buy before turning down - Yesterday we closed our long positions and took a profit of 65 pips. We are now standing aside waiting for another change to get back in.

CADCHF - For this pair, although the monhly MACD is still low on the underside, but the STOC is going to cross down near the overbought level, so we will watch it carefully and go in for a buy or sell according to its movements - We are now holding covered long positions at 0.74170 and 0.74058.

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 long positions at 1.46381.

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 - Yesterday we closed our short positions and took a profit of 110 pips. We are now standing aside waiting for another chance to get in again.

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 113.576 and 113.313.

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 will sell this pair whenever possible - We are now holding long positions at 1.72364, 1.71178 and 1.73114.

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 1.70394 and 1.71298.

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 covered long positions at 1.29618 and 1.27519.

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 covered long positions at 103.4505.

NZDJPY - 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 - Yesterday we closed our short positions and took a profit of 122 pips. We are now turning up and holding long positions at 73.733.

NZDUSD (BUY) - This pair has its monthly MACD going up from an underside crossover and the STOC is already in the overbought level, this is the time to go around and sell this pair although we can sometime buy it if there's a chance to do so. - We are now holding temporary long positions at 0.73467.

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 101.7300, 101.3480 and 101.0860.

(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.