Market Watch

EURCAD (SELL) - For this pair, this is a rebound we have been waiting for from last month when the weekly MACD started to go under the zero line, so we get in for a sell - Yesterday we closed our positions and took a profit of 57 pips. We are holding at 1.465590.

EURNZD (SELL) - This pair has a rebound from the April low, so we decide to sell it again - Yesterday we closed our positions and took a profit of 84 pips. We are holding our positions at 1.655830.

EURUSD (SELL) - We will pay close attention to this pair. In a wider picture it is a buy, but we see the weekly STOC has been in the overbought level, that's why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - Yesterday we closed our positions and took a profit of 87 pips. We are now holding at 1.140430.

GBPAUD (SELL) - Although the monthly MACD is still on the upperside but the STOC has turned back up from the oversold area, so to be safe we are out and stand aside to see how it moves - Yesterday we closed all our positions, took a profit of 13 pips and now waiting for another opportunity 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.