Market Watch
EURJPY
GBPJPY
GBPNZD
AUDJPY (BUY) - Although this pair still has some distance to go down before making a turn, but we want to catch a correction in the progress as the daily STOC has started to go up from the oversold area, so we decide to get in for a buy - Yesterday we closed part of our positions and took a profit of 18 pips. We are now holding at 80.2480.
EURGBP (SELL) - The pair has been in the overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious - We are now holding our positions at 0.79039.
EURJPY (BUY) - The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, approximately to 120.00 level, it is still presenting an opportunity to buy - Yesterday we closed part of our positions and took a profit of 98 pips. We are now holding at 124.3260.
GBPJPY (BUY) - This pair has been entered the monthly oversold area and passed the zero line. The weekly STOC has started to turn, so we decide to get in for a buy - Yesterday we closed part of our positions and took a profit of 103 pips. We are now holding at 157.7650.
GBPNZD (SELL) - For the longtime outlook, this pair still has some distance to sell although the weekly STOC is already turning up from the oversold areas, so we decide to get in again - Yesterday we closed part of our positions and took a profit of 267 pips. We are holding our positions at 2.124390.
NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - Yesterday we closed part of our positions and took a profit of 72 pips. We are now holding at 74.2510.
USDJPY (BUY) - We have not been buying or selling this pair for some times, but now it is an opportunity to buy after the weekly STOC is down at an extreme level in the oversold area - Yesterday we closed part of our positions and took a profit of 78 pips. We are now holding at 109.2180.
(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.