Market Watch

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 and (2) 107.811.

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.

EURGBP - The pair has its monthly MACD high on the upper side and STOC is already made a cross downward in the overbought level, so this is a chance to sell it - Yesterday we closed some of our short positions and took a profit of 265 pips. We are now still holding covered short positions at (4) 0.80624 and (3) 0.82930 and (2) 0.85678.

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 covered short positions at (2) 1.33492 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 and (1) 106.452.

(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.