Market Watch

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 covered short positions at 0.78286 and 0.785730

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 short positions at 1.56357.

NZDCAD - This pair has its monthly MACD on the upper side and STOC at the overbought level for nearly 3 months, so this is a long term chance to sell it - Yesterday we closed our positions and took a profit of 103 pips. We are now standing aside waiting for a minor correction to happen then selling it again.

NZDCHF - This pair still has its monthly MACD reaching up almost 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 - We are now holding temporary long positions at 0.69893.

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 - We are now holding temporary long positions at 0.72942 and 0.723545.

USDJPY - Although this pair has its monthly MACD being on the underside from July, but STOCs has been in the oversold area for sometimes and is going to make a crossover upward, so for a long term trend it's an opportunity to buy - We are now holding temporary short positions at 102.8400 and 103.5480.

(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.