Market Watch

AUDCAD (SELL) – It is 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 a few days and wait for another opportunity to get in and sell again. It’s at 0.98046.

EURGBP (SELL) – The pair has been near 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 closed one more part of our positions for this pair and took a profit of 38 pips. It’s at 0.79454.

EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more before making a turn. That is indicating on both weekly and monthly levels. It’s at 123.3050.

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. It’s at 1.41815.

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.