Market Watch
AUDUSD
CADCHF
AUDCAD - In the overall outlook, this pair still has a long way to go down, at least to 0.93500. Although the monthly MACD is still on the underside but the STOC has come into the overbought area, so this is the chance to sell it again - We are now again holding short positions at 1.00983 and 1.01679.
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.
GBPNZD - This pair has its monthly MACD well on the underside and STOC is in the oversold area for four months, but there is still some chances for it to go down a bit before turning up, so we will sell it whenever there is an opportunity to do so - We are now standing aside waiting for another chance to get back in.
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.
USDCAD - The pair has its monthly MACD on the path of going down and STOC is near the oversold level, so this is a chance to sell it whenever there's an opportunity to do so - We are now holding short positions at 1.32764 and 1.33843.
(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.