Market Watch

EURCAD (SELL) - For this pair, this is a rebound we have been waiting for from last month when the weekly MACD started to go under the zero line, so we get in for a sell - Yesterday we closed some of our positions and took a profit of 18 pips. We are holding at 1.467990.

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 holding our positions at 0.79039.

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 some of our positions and took a profit of 131 pips. We are holding our positions at 2.116220.

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 - We are 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 - We are 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.