Market Watch
CADCHF
NZDCHF
USDJPY
CADCHF - For this pair, although the monthly MACD is still low on the underside, but the STOC is going to cross down near the overbought level, so we will watch it carefully and go in for a buy or sell according to its movements - We are now holding short positions at 0.74751.
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 - Last Friday we closed our positions and took a profit of 247 pips. We are now standing aside waiting for another opportunity to get back in.
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 - Last Friday we closed our positions and took a profit of 132 pips. We are now standing aside waiting for another chance to be back in 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.
USDCHF - This pair has its monthly MACD still on the upper side and STOC has the tendency to be down at least to 0.9600 level, so it is a chance to sell it whenever possible - We are now holding short position at 0.98540.
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 covered short positions at 103.5480 and 103.4100.
(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.