Market Watch

AUDCAD (SELL) – We executed the trade for this pair at 0.98759 and took the profit of 50 pips. We know it starting to go down but the daily STOC is right at the oversold level, so to make sure that we would not be caught by a correction we want to stand aside for few days and wait for another opportunity to get in and sell again. It’s at 0.98705.

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 another sell at 0.80789.

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.