Market Watch

AUDCAD - This pair is starting to go down, at least to 0.9400 as monthly MACD is already passed to the upper side and STOC is in 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.

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.

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 long positions at 0.72810.

CHFJPY - Its monthly MACD has passed the zero line downward and STOC is already crossing up, so this is a chance to buy this pair whenever possible - We are now still waiting for a right moment to get back in.

GBPCHF - This pair has the monthly MACD on the under side for 9 months and STOC is at an extreme level in the oversold area, so this is a chance to buy it whenever possible - We are now holding covered long positions at 1.29618, 1.27101 and 1.25934.

USDCHF - This pair has its monthly MACD near the zero line and STOC has the tendency to be down at least to 0.9600 level, so it is a chance to sell it whenever possible - Yesterday we closed our short positions and took a profit of 102 pips.

(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.