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 0.74325 and 0.74397.

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 - Last Friday we closed our positions and took a profit of 60 pips. We are now holding new positions at 0.74109.

EURUSD - We shall pay close attention to this pair. In a wider picture it is a buy, when monthly MACD is still on the underside and STOC is not near the overbought level yet, that's why we decide to get in sometime and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - We are now holding long positions at 1.11728.

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 short positions at 0.95565.

(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.