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 covered short positions at 0.99907 and 0.99763.

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 - Last Friday we closed our new short positions and took a profit of 34 pips. We are now standing aside waiting for another chance to get back in.

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 turning downward and holding covered short positions at 1.04848.

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 - Last Friday we closed our new long positions and took a profit of 91 pips. We are now standing aside waiting for a minor correction to happen then selling it again.

EURGBP - The pair still has its monthly STOC in the overbought level and MACD has already been over the zero line, so this is a chance to sell it - We are now holding covered short positions at 0.80087, 0.80624 and 0.85915.

EURNZD - This pair has its monthly MACD already crossing to the underside, and although STOC has been in the oversold area, there is still some chances for it to go down more - We are now holding covered short positions at 1.54190.

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, 1.71520 and 1.71178.

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, 1.27101 and 1.25934.

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 turning up and holding covered long positions at 0.70733 and 0.70514.

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 - We are now holding long positions at 73.4125.

NZDUSD - This pair has its monthly MACD going up from an underside crossover and the STOC is already in the overbought level, so this is the time to go around and sell this pair temporarily.

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 short positions at 1.31352.

(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.