Market Watch

NZDCAD (SELL) – The pair is definitely and historically a sell but it is depended on the movement of the chart. Right now it just came back from near overbought level and is still on the underside of the daily MACD, so we will wait for an opportunity to sell when it is on the other side with STOC is on a corresponding level. It’s at 0.89092.

NZDCHF (BUY) – We don’t want to be caught on the wrong side of this pair. Therefore we will continue to wait until the daily MACD touches the bottom (with the STOC is at the similar level) to get in for a buy. It’s at 0.65188.

NZDUSD (BUY) – We know this pair has a long way to go down historically, but it’s still a safe buy if we can carefully choose a right moment and know how to get out quickly enough to avoid being drawn down unexpectedly. So we will wait for that opportunity to present itself. It’s at 0.68121.

USDCAD (SELL) – The pair will need some corrections before going down again, so we will patiently wait for an opportunity when we can safely sell it. It’s at 1.30906.

USDJPY (SELL) – There is an correction (on the upside) in the making for this pair but it still need sometime to do it. The wait will be long but we will be patient because we don’t want to be caught upside down. It’s at 110.980.

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 articles.