Market Watch

AUDJPY (BUY) - Although this pair still has some distance to go down before making a turn, but we want to catch a correction in the progress as the daily STOC has started to go up from the oversold area, so we decide to get in for a buy - We are now holding our positions at 80.2480.

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 0.763380.

EURJPY (BUY) - The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, approximately to 120.00 level, it is still presenting an opportunity to buy - We are now holding our positions at 123.8415.

EURNZD (SELL) - This pair has a rebound from the April low, so we decide to sell it again - We are now holding our positions at 1.662630.

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 are now holding at 1.12913.

GBPJPY (BUY) - This pair has been entered the monthly oversold area and passed the zero line. The weekly STOC has started to turn, so we decide to get in for a buy - We are now holding our positions at 157.7650.
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.