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 holding covered short positions at (4) 1.01945 and (3) 1.01679 and (1) 1.01972 and (2) 1.02764.

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 (3) 0.74993 and (4) 0.75310 and (1) 0.75989.

AUDJPY - This pair has its monthly MACD starting to make a crossover with STOC already did, so for a long term trend, it would be a buy until the 80 level - We are now holding temporary short positions at (2) 80.180 and (4) 80.057.

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 - Yesterday we closed some more of our positions and took a profit of 196 pips. We are now still holding some short positions at (1) 1.07485 and (2) 1.07488.

AUDUSD - This pair still has its monthly MACD on the underside although STOC has just entered into the overbought level, so it still has some distance to go for a buy before turning down - We are now holding short positions at (2) 0.77244 and (4) 0.76865.

CADCHF - For this pair, although the monthly MACD is still low on the underside, but the STOC has made a cross downward 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 (1) 0.72810 and (2) 0.72357.

CHFJPY - Its monthly MACD has passed the zero line downward and STOC is already crossing up, so this is a long term chance to buy this pair whenever possible - We are now holding temporary short positions at (1) 106.384.

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 short positions at (2) 1.48612 and (4) 1.48455.

GBPNZD - This pair has its monthly MACD well on the underside and STOC is in the extreme level in the oversold area, therefore we will make a buy whenever there is an opportunity to do so - We are now holding long positions at (2) 1.68664.

NZDCAD - This pair has its monthly MACD high on the upper side and STOC is going to make a cross under in the overbought level, so this is a long term chance to sell it - We are now holding covered short positions at (4) 0.95990 and (3) 0.97745 and (1) 0.98503.

NZDJPY - This pair's monthly MACD is starting to make a crossover upward while STOC is low down a little bit, therefore it's a chance to sell it temporarily although long term trend for this pair is to buy it - We are now holding temporary short positions at (4) 76.270.

USDCAD - The pair has its monthly MACD on the path of going down and STOC is bounding back 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 (2) 1.32764 and (4) 1.33843.

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 (1) 104.370 and (3) 103.410 and (4) 104.242.

(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.