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 short positions at (6) 1.00573 and (5) 1.00776 and (4) 0.00709.

AUDCHF - This pair has its monthly MACD reaching near the zero line from below and STOC is already made a cross downward from the overbought level, so this is a chance to sell it - We are now holding short positions at (6) 0.76095 and (5) 0.76165 and (4) 0.76092.

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 and (6) 85.851 and (3) 86.056.

AUDUSD* - This pair still has its monthly MACD on the underside although STOC is already coming down from the overbought level, so it is pointing to a chance to sell this pair for a while - We are now holding short positions at (6) 0.74414 and (5) 0.75805.

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 - Last Friday we closed some of our positions and took a profit of 695 pips. We are now holding long positions at (1) 0.75151 and (4) 0.75147.

CADJPY - The pair has its monthly MACD making a crossover under the zero line and STOC is near the overbought area, so there is the chance to sell it - We are now holding temporary covered short positions at (2) 86.558 and (5) 87.785 and (1) 87.795 and (3) 87.439 and (6) 87.847.

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 (4) 110.459 and (5) 111.217 and (3) 114.871 and (6) 114.687.

EURAUD - This pair has its MACD touching the zero line and STOC is already passing into the oversold level, so this is a chance to buy it - We are now holding long positions at (6) 1.40908.

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 - Last Friday we closed our remaining long positions and took a profit of 101 pips. We are now holding short positions at (1) 1.42398 and (2) 1.42776 and (5) 1.42757.

EURCHF - This pair has its monthly MACD slow down away from the zero line and STOC is on the path to the oversold level, so it is a chance to sell it - We are now holding temporary long positions at (4) 1.06870 and (3) 1.06901.

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) 0.835476 and (5) 0.817347 and (6) 0.86830 and (1) 0.86593 and (2) 0.86801 and (3) 0.86980.

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 (4) 119.106 and (1) 123.124 and (2) 119.844 and (5) 121.776 and (3) 122.911 and (6) 122.575.

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 short positions at (6) 1.51076 and (5) 1.51359.

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 (4) 1.70269 and (6) 1.63738 (5) 1.63915 and (1) 1.63818 and (2) 1.63402 and (3) 1.62279.

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 still holding long positions at (5) 1.23548 and (4) 1.23649 and (1) 1.23519 and (2) 1.22915 and (3) 1.22803.

GBPNZD - This pair has its monthly MACD well on the underside and STOC has already made a crossover in the oversold area, therefore it is an opportunity to buy whenever possible - We are now holding long positions at (6) 1.72629 and (5) 1.72336 and (4) 1.72257.

GBPUSD - This pair has its monthly MACD well down on the underside and STOC is already made a crossover in the oversold area, so this is a chance to buy although it could go lower for sometime before rising up - We are now holding long positions at (6) 1.21772.

NZDCAD - This pair has its monthly MACD high on the upper side and STOC has made a cross under in the overbought level, so this is a long term chance to sell it - We are now holding short positions at (6) 0.95640 and (5) 0.95875 and (6) 0.95915.

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 temporary short positions at (5) 80.665 and (2) 81.797 and (3) 81.645 and (6) 81.595.

NZDUSD - This pair has its monthly MACD slowing down up on the under side and the STOC has come down from the overbought level, so this is the time to go around and sell this pair for a while - We are still holding temporary long positions at (4) 0.69265 and short positions at (5) 0.72127.

USDCAD - The pair has its monthly MACD going lower while still on the upper side and STOC is turning probably for a cross downward to oversold level, so this is a chance to buy it temporarily - We are now holding long positions at (6) 1.30613.

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 - Last night we closed our remaining positions and took a profit of 135 pips. We are now holding long positions at (6) 1.00666 and (1) 0.99887 and (5) 0.99910 and (4) 0.99924.

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 (4) 107.757 and (1) 114.201 and (5) 109.021 and (3) 117.382 and (6) 118.081.

(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.