Market Watch
AUDCAD (SELL) – It is starting to go down and although there is a risk of upward correction but we want to catch the downside early so we decide to go in and sell it at 0.992140.
AUDNZD (SELL) – Although the daily STOC still has some distance to go but the weekly MACD has started to turn, so we will wait a little bit more for a right moment to get in and sell this pair. It’s at 1.11310.
EURGBP (SELL) – The pair has been near 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. Yesterday we closed another part of our positions for this pair and took a profit of 60 pips. We are holding our positions at 0.791370.
EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more before making a turn. That is indicating on both weekly and monthly levels. We are holding our positions at 123.3050.
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. We sold it at 1.131670.
GBPJPY (BUY) – This pair has a potential of a buy because both weekly and monthly STOC are at oversold level but it’s still has some distance to go. We will wait for a few days to make sure it’s safe to get in for a buy. It’s at 156.007.
GBPUSD (BUY) – This pair will go down some more before turning up. It’s near the historical level at 1.4000, but the monthly STOC is already in the oversold area. Yesterday we closed another part of our positions and took a profit of 62 pips. We continue to hold our positions at 1.428840.
NZDJPY (BUY) – This pair has been back at the monthly oversold level and passed MACD zero line. Although it’s still have some distance to go down but on the daily chart it is already turning up. We will wait for some times before getting in. It’s at 76.191.
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.