Market Watch
AUDUSD
CADCHF
EURAUD
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 and 1.01972.
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 holding short positions at 80.180.
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 1.05825 and 1.06258 and 1.07488.
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 - Last Friday we closed our short positions and took a profit of 92 pips. We are now standing aside waiting for another chance to get back in.
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 - Last Friday we closed our long positions and took a profit of 151 pips. We are now standing aside waiting for another chance to get back in.
(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.