Market Watch

CADCHF (BUY) – The daily MACD just goes under recently although the STOC has been back at the oversold level, so we will wait for a bit more to get back in this pair again. It’s at 0.73076.

CADJPY (BUY) – This pair’s chart has the near similar to CADCHF but it still has more way to go down so we will be cautious and wait until daily MACD is well on the underside before to make a buy.

EUR/GBP – The pair has been overbought (on monthly chart) for sometime and this may be 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 make a sell at 0.80740.

EURUSD – We can make a sale for this pair but the 4-hour band is so narrow that we think we should wait a little longer to make sure it’s OK before to get in. The monthly MACD is on the underside and has been raised up a bit, that makes us more cautious with a sell for this pair. Therefore waiting is the best decision right now.

GBPJPY – We think in a few days more we can make a buy for this pair because both the monthly and daily STOCs are near extreme level at oversold but caution is needed because the monthly MACD just passed the zero line.

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 so we decide to go in at this point at 1.41117.

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.