Market Watch

AUDCHF - This pair has its monthly MACD on the uptrend for more than 4 months and STOC has been in the overbought level starting to make a crossover downward, so it is a chance to sell it at least to the 0.7200 level - We are now holding short positions at 0.74325 and 0.74397 and 0.74628.

AUDJPY - This pair has its monthly MACD starting to make a crossover upward with STOC already did, so for a long term trend, it would be a buy until the 80 level - We are now holding temporary short positions at 77.8090.

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 - Yesterday we closed our positions and took a profit of 50 pips. We are now standing aside waiting for an opportunity to get back in.

NZDCHF - This pair still has its monthly MACD reaching up to the zero line 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 long positions and took a profit of 86 pips. We are now standing aside waiting to get back in.

NZDJPY - This pair's monthly MACD is starting to make a crossover upward and STOC is already done so, therefore it's a chance for long term trend to buy - Yesterday we closed our positions and took a profit of 74 pips. We are now standing aside waiting for an opportunity to get back in.

(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.