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) 1.02456 and (1) 1.01972 and (2) 1.02764.

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 - Yesterday we closed our positions and took a profit of 94 pips.

CADJPY - The pair has its monthly MACD well under the zero line and STOC is going to make a crossover in the oversold area, so there is the chance to buy it - Yesterday we closed our long positions and took a profit of 36 pips.

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 short positions at (1) 106.384.

EURCHF - This pair has its monthly MACD approaching the zero line from below and STOC is on the path to the oversold level, so for long term trend it is a chance to sell it - We are now holding temporary long positions at (1) 1.07535.

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) 0.98053.

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 our short positions at (2) 105.793 and (3) 105.841.

(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.