Market Watch

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 are holding our positions 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. We are holding our positions 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. We continue to hold our positions at 1.41815.

NZDJPY (BUY) – This pair has been back at the monthly oversold level and passed MACD zero line. Although it’s still have some distance to go down but on the daily chart it already makes a turn. We will wait for some times before getting in. It’s at 75.348.

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 1.28158.

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.