Market Watch

EUR/GBP – The pair has been near overbought level 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.

EURJPY – The pair has been passed the monthly oversold level and zero line. It will go down for some more before making a turn. It’s indicating on both weekly and monthly levels so we will consider to get in for a buy when the opportunity presents itself. It’s at 123.1099.

NZDJPY – This pair also has been passed the monthly oversold level and zero line. Although it’s still have some distance to go down but on the daily chart is indicating (a little uncertain) so we will wait for some times before to get in. It’s at 123.126.

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 (the weekly, maybe?) to present itself. It’s at 0.68144.

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 1.29750.

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 or future articles.