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 - We are now still holding covered short positions at 0.74993 and 0.74628.

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.

EURAUD - This pair has its monthly MACD near the zero line and STOC is already passing the oversold level, so it is almost to turn up for this pair - We are now again standing aside waiting for another chance to go in again.

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 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 - 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 - Overnight we closed our positions and took a profit of 91 pips. We are now standing aside waiting for a correction before getting back in again.

(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.