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.

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) 81.717.

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 covered short positions at (1) 107.510 and (2) 107.811 and (3) 108.456.

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 and (2) 1.07204 and (4) 1.07073.

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 - We are now still holding covered short positions at (4) 0.80624 and (3) 0.82930 and (2) 0.85678.

EURUSD - The pair has its monthly MACD raising up from the underside but STOC is turning down to the oversold level, so it has the tendency to be down some times - We are now holding temporary long positions at (1) 1.07830 and (2) 1.07258

GBPJPY - This pair has its monthly MACD going side way from October on the under side and STOC has been in the oversold area from Frbruary, so for a long term trend it is a chance to buy it - We are now holding temporary short positions at (2) 135.003.

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 covered short positions at (2) 1.33492 and (4) 1.34499.

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 - We are now holding short positions at (1) 0.99759.

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 covered short positions at (2) 107.040 and (3) 106.860 and (1) 106.452 and (4) 108.168.

(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.