Market Watch
AUDUSD
CADCHF
EURAUD
EURNZD
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.
AUDUSD - This pair still has its monthly MACD on the underside although STOC is near the overbought level, so it still has some distance to go for a buy before turning down - We are now holding short positions at 0.77244.
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 covered long positions at 1.42601.
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.
NZDCAD - This pair has its monthly MACD on the upper side and STOC at the overbought level for nearly 3 months, so this is a long term chance to sell it - We are now holding short positions at 0.94480.
(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.