Market Watch

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 - Yesterday we closed our short positions and took a profit of 206 pips.

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.