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 decide to get in for a sell - We are now holding our positions at 1.461170.

EURUSD (SELL) - We will pay close attention to this pair. In a wider picture it is a buy, but we see the weekly STOC has been in the overbought level, that's why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - Last Friday we closed some of our positions and took a profit of 84 pips. We are now holding at 1.12913.

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 - 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) - It is an opportunity to buy when the weekly STOC is starting to turn from the oversold area and the monthly one is at 9.71 - 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.