Market Watch
AUDCAD (BUY) – In the overall outlook, this pair still has a long way to go down, but right now it is presenting an opportunity to buy when the weekly STOC just passed the oversold level. We has been pulled down unexpectedly because of the rate cut from RBA but nothing is too serious – We are holding our positions at 0.955385.
AUDJPY (BUY) – Although this pair still has some distance to go down before making a turn, but we want to catch a correction in the progress so we decide to get in for a buy – We are holding at 80.8600.
CADJPY (BUY) – The monthly MACD has been underside for 3 months and the STOC is near the oversold level, so this is an opportunity to buy – We are holding our positions at 86.9010.
EURAUD (SELL) – Although this pair has the weekly STOC starting to turn up from the oversold level, the 4-hour chart is on the upside and overbought level, so we decide to get in for an early sell and ready to get out quickly if the condition is reversed – We are holding at 1.520060.
EURCAD (SELL) – For this pair, this is a rebound we have been waiting for from last month when the weekly MACD started to go under the zero line, so we get in a a sell – We are holding at 1.461750.
EURGBP (SELL) – The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious – We are now holding our positions at 0.78235.
EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy – Yesterday we closed part of our positions and took a profit of 49 pips. We are holding at 123.0610.
EURNZD (SELL) – This is al so a rebound from the April low, so we decide to sell this pair again – We are holding our positions at 1.662710.
EURUSD (SELL) – We will pay close attention to this pair. In a wider picture it is a buy, but we see the weekly STOC has been in the overbought level, that’s why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out – We are holding our positions at 1.14373.
GBPJPY (BUY) – This pair has been entered the monthly oversold area and passed the zero line. Although the daily STOC still has some distance to go but we want to be ready in case a turn happens earlier so we decide to get in for a buy – Yesterday we closed part of our new opened positions and took a profit of 95 pips. We are holding at 155.7010.
NZDCAD (BUY) – Although this pair has a clear going down tendency on the monthly chart, but weekly STOCs is at oversold level thus presenting an opportunity to buy – We are holding at 0.879560.
NZDJPY (BUY) – This pair’s monthly MACD and STOC have been underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it – We are holding at 73.9590.
USDJPY (BUY) – We have not been buying or selling this pair for some times, but now it is an opportunity to buy after the weekly STOC is down at an extreme level in the oversold area – Yesterday we closed part of our positions and took a profit of 41 pips. We are now holding at 107.1870.
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.