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 - Yesterday we closed our positions and took a profit of 146 pips. We are now standing aside waiting for another chance 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 turning up and holding long positions at 0.73504.

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 - Yesterday we closed our new long positions and took a profit of 97 pips. We are now again standing aside waiting for another chance to go 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 - Yesterday we closed some of our positions and took a profit of 54 pips. We are now standing aside waiting for another opportunity to get back in.

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 0.70514 and 0.70472.

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 new long positions at 73.3790.

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 - Yesterday we closed some of our positions and took a profit of 176 pips. We are now still holding covered long positions at 101.7300.

(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.