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 long positions at (2) 0.99360 and (3) 0.99226 and (4) 0.98788 and (1) 0.98733.

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 and (4) 82.295.

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 covered long positions at (2) 0.74400 and (4) 0.74408.

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 - We are now holding temporary covered short positions at (2) 82.218.

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) 108.695 and (3) 109.614 and (4) 109.847.

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 long positions at (2) 1.43303 and (4) 1.42893.

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 and (3) 1.07018.

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 holding covered short positions at (4) 0.80624 and (3) 0.82930 and temporary long positions at (1) 0.85568 and (2) 0.85138.

EURJPY - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy or sell whenever there is a right condition - We are now holding short positions at (3) 116.8790 and (1) 117.864 and (2) 117.573.

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) 1.06551 and (4) 1.06185.

GBPCHF - This pair has the monthly MACD slowing down on the underside and STOC is already making a crossover in the oversold area, so for a long term trend this is a chance to buy it whenever possible - We are now holding temporary short positions at (1) 1.26520.

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) 140.091 and (1) 139.931.

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 short positions at (4) 78.4050 and (2) 78.4160.

NZDUSD - This pair has its monthly MACD reaching up to the zero line and the STOC has come down a bit in the overbought level, so this is the time to go around and sell this pair temporarily - We are now holding long positions at (2) 0.70580 and (3) 0.70203 and (4) 0.70188.

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 covered short positions at (1) 0.99759 and (2) 1.00390 and (4) 1.00064 and (3) 1.00565.

USDJPY - Although this pair has its monthly MACD being on the underside from July, but STOC has been in the oversold area for some times 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 temporary covered short positions at (2) 107.040 and (3) 107.757 and (1) 107.596 and (4) 109.021.

(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.