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 - Yesterday we closed some of our positions and took a profit of 69 pips. We are now still holding covered short positions at 0.74397 and 0.74628.

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 this pair whenever possible - Yesterday we closed our new long positions and took a profit of 173 pips. We are now again standing aside waiting for another chance to go in 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 0.80624, 0.82930 and 0.86826.

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 - We are now holding covered short positions at 115.6840.

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 covered short positions at 1.32054.

(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.