Market Watch

AUDCHF - This pair has its monthly MACD on the up trend 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 0.75310 and 0.75989.

AUDJPY - This pair has its monthly MACD starting to make a crossover upward with STOC already did, so for a long term trend, it would be a buy until the 80 level - We are now standing aside waiting for another right moment to get back in.

AUDNZD - For a long term trend this pair is for a buy because it has the monthly MACD still on the underside, but STOC is turning up lightly from the oversold area, so we will sell it temporarily whenever we have a chance - We are now turning downward and holding covered short positions at 1.04848 and 1.05477.

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 into the oversold level, so it is almost the time for this pair to turn up - We are now holding long positions at 1.43075.

EURCAD - This pair has had some repeatedly rebounds from April's low when the weekly MACD started to go under the zero line, so we will get in for a sell whenever it has a rebound from monthly AL - We are now holding temporary long positions at 1.43866.

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.

EURUSD - We shall pay close attention to this pair. In a wider picture it is a buy, when monthly MACD is still on the underside and STOC is turning down near the overbought level, but we will get in sometime and sell it temporarily whenever we have a chance. We will not be in for long, just long enough to grab some profits and get out - We are now holding covered long positions at 1.11670.

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 short positions at 0.71333.

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 STOC 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.