Market Watch

AUDCAD - This pair has its monthly MACD slow down on the upper side and STOC has already making a cross downward from the overbought area, so this is the long term trend to sell it again - We are now holding temporary long positions at (3) 0.98578 and (4) 0.98606.

AUDJPY - This pair has its monthly MACD already made a crossover with STOC is reaching up to the overbought level, so for a long term trend, it would be a buy - We are still holding temporary short positions at (2) 83.973 and (4) 84.560 and (1) 86.340.

CADCHF - For this pair, although the monthly MACD is still low on the underside, but the STOC has made a crossover toward the overbought level, so we will watch it carefully and go in for a buy or sell according to its movements - We are now holding short positions at (1) 0.76868 and (4) 0.75814 and (2) 0.76005 and (3) 0.76797.

CADJPY - The pair has its monthly MACD making a crossover under the zero line and STOC is going to the overbought area, so there is the chance to buy it - We are now holding temporary covered short positions at (2) 86.558 and (4) 87.785 and (1) 87.795.

CHFJPY - Its monthly MACD is going to make a crossover right under the zero line and STOC is going up, so this is a long term chance to buy whenever possible - We are now holding covered short positions at (1) 113.852 and (2) 112.208 and (3) 110.459 and (4) 111.217.

EURCAD - This pair has both its weekly MACD and STOC on the downward path for many months, so we'll sell it a bit more until it turns up - We are still holding temporary long positions at (2) 1.40484 and (4) 1.41680 and (1) 1.38595.

EURGBP - The pair has its monthly MACD slow down on the upper side and STOC is already made a cross downward from 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 its MACD doing a touching and STOC is going upward, so it is presenting an opportunity to buy whenever there is a right condition - We are now holding temporary short positions at (3) 119.106 and (1) 121.011 and (2) 119.844 and (4) 121.776.

EURNZD - This pair has its monthly MACD already crossing to the underside, and although STOC has been in the oversold area, there is still some chances for it to go down more - We are now holding long positions at (3) 1.48785 and (4) 1.48896 and (1) 1.47958 and (2) 1.47524.

EURUSD - The pair has its monthly MACD slow down almost to a touching while still on the underside and STOC is going to pass into the oversold level, so it has the tendency to be down for some more - We are now holding long positions at (4) 1.05386.

GBPAUD - Although the monthly MACD has already been on the underside but STOC is making a crossover in the oversold area, therefore this is a long term trend to buy - We are now holding long positions at (3) 1.72364 and temporary short time positions at (4) 1.71014 and (1) 1.70711 and (2) 1.70929.

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 and (4) 1.26679 and (3) 1.2666 and (2) 1.27862.

GBPJPY - This pair has its monthly MACD going side way from October on the under side and STOC has made a crossover from the oversold area, so for a long term trend it is a chance to buy it - We are now holding temporary covered short positions at (2) 140.091 and (1) 145.742.

NZDCHF - This pair has its monthly MACD almost touching the zero line and STOC has already been in the overbought area for four months, so this is a chance to sell it although we usually refer to buy this pair because of the rollover rate - We are now holding short positions at (4) 0.72343 and (3) 0.72353 and (1) 0.72455 and (2) 0.72579.

NZDJPY - This pair's monthly MACD already made a crossover upward and STOC is reaching almost to the overbought level, 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) 80.665 and (1) 81.797.

USDCHF - This pair has its monthly MACD making a minor crossover while still on the upper side and STOC is reaching to the overbought level, so it is a chance to buy it a bit with an eye watching for a sudden move downward - We are now holding covered short positions at (1) 1.01650 and (2) 1.00390 and (4) 1.00880 and (3) 1.00565.

USDJPY - This pair has its monthly MACD making a crossover right at the zero line and STOC is going up to the overbought area, 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) 114.201 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.