Market Watch

AUDCAD - This pair has its monthly MACD slow down on the upper side and STOC has already making a cross downward from the overbought area, so this is the long term trend to sell it again - We are now holding short positions at (6) 1.01212 and (5) 1.01310 and (4) 0.01295 and (1) 1.01286 and (2) 1.01311 and (3) 1.01306.

AUDCHF - This pair has its monthly MACD reaching near the zero line from below and STOC is already made a cross downward from the overbought level, so this is a chance to sell it - We are now holding short positions at (6) 0.76576 and (5) 0.76596 and (4) 0.77013 and (1) 0.75817 and (2) 0.75901 and (3) 0.75968.

AUDJPY - This pair has its monthly MACD already made a crossover with STOC is reaching up to the overbought level, so for a long term trend, it would be a buy - We are still holding temporary short positions at (2) 83.973 and (4) 84.560 and (1) 86.340 and (6) 85.851.

AUDNZD - The pair has its monthly MACD still on the underside and STOC has been back to the oversold level since January, so this is a chance for a buy - We are now holding short positions at (6) 1.06050 and (5) 1.05854 and (4) 1.05521 and (1) 1.06159 and (2) 1.06693 and and (3) 1.06699.

AUDUSD - This pair still has its monthly MACD on the underside although STOC is already coming down from the overbought level, so it is pointing to a chance to sell this pair for a while - We are now holding short positions at (6) 0.74414 and (5) 0.75805 and (2) 0.75837 and (3) 0.75525.

CADCHF - For this pair, although the monthly MACD is still low on the underside, but the STOC has made a crossover toward the overbought level, so we will watch it carefully and go in for a buy or sell according to its movements - Yesterday we closed some of our positions and took a profit of 404 pips. We are now holding long positions at (1) 0.75497 and (2) 0.75523 and (4) 0.75614 and (5) 0.75627 and (6) 0.75637 (3) 0.75626.

CADJPY - The pair has its monthly MACD making a crossover under the zero line and STOC is near the overbought area, so there is the chance to sell it - Yesterday we closed some of our positions and took a profit of 602 pips. We are now holding long positions at (1) 85.550 and (2) 84.307 and (5) 84.427 and (6) 84.575 and (3) 84.600.

CHFJPY - Its monthly MACD is going to make a crossover right under the zero line and STOC is going up, so this is a long term chance to buy whenever possible - We are still holding covered short positions at (1) 113.852 and (2) 112.208 and (4) 110.459 and long positions at (6) 111.525.

EURAUD - This pair has its MACD crossing under the zero line and STOC is still in the oversold area, so this is a chance to buy it - We are now holding long positions at (6) 1.39955 and (5) 1.41336 and (4) 1.38486 and (1) 1.40739 and (2) 1.40594.

EURCAD - This pair has both its weekly MACD and STOC on the downward path for many months, so we'll sell it a bit more until it turns up - Yesterday we closed some of our positions and took a profit of 689 pips. We are now holding long positions at (6) 1.38532 and (5) 1.38482 and (4) 1.38513.

EURCHF - This pair has its monthly MACD having a touching downward and STOC is already reaching into the oversold level, so it is a chance to sell it some more - We are now holding temporary long positions at (5) 1.06870 and (4) 1.06901 and (6) 1.06873 and (1) 1.06848 and (2) 1.06408 and (3) 1.06406.

EURGBP - The pair has its monthly MACD slow down on the upper side and STOC is already made a cross downward from the overbought level, so this is a chance to sell it - Yesterday we closed some of our positions and took a profit of 99 pips. We are still holding covered short positions at (4) 0.835476 and (5) 0.817347 and temporary long positions at (6) 0.84404.

EURJPY - The pair has its MACD doing a touching and STOC is going upward, so it is presenting an opportunity to buy whenever there is a right condition - We are still holding temporary short positions at (2) 119.844 and long positions at (5) 119.821 and (6) 118.647 and (5) 118.633 and (4) 118.594.

GBPCAD - This pair has its monthly MACD on the underside for almost 6 months and STOC has made a crossover in the oversold level, so this is a long term chance to buy it - We are now holding temporary short positions at (4) 1.6500 and (5) 1.64966 and (6) 1.64639 and (1) 1.64843 and (2) 1.64944 and (3) 1.64884.

GBPCHF - Its MACD has been going sideway from October last year and STOC is coming out of the oversold area, so this is a chance buy it - Yesterday we closed some of our positions and took a profit of 507 pips. We are now holding temporary short positions at (6) 1.26281 and (5) 1.26311 and (4) 1.26301.

NZDCAD - This pair has its monthly MACD high on the upper side and STOC has made a cross under in the overbought level, so this is a long term chance to sell it - Yesterday we closed some of our positions and took a profit of 181 pips. We are now holding long positions at (4) 0.93775.

NZDJPY - This pair's monthly MACD already made a crossover upward and STOC is reaching almost to the overbought level, therefore it's a chance to sell it temporarily although long term trend for this pair is to buy it - We are now holding temporary short positions at (2) 81.797 and long positions at (6) 80.7820 and (5) 80.782.

USDJPY - This pair has its monthly MACD making a crossover right at the zero line and STOC is going up to the overbought area, so for a long term trend it's an opportunity to buy - We are still holding our temporary covered short positions at (4) 107.757 and (5) 109.021 and long positions at (6) 112.2070 and (2) 112. 630 and (3) 112.642 and (1) 111.982.

(Charts: Forex Trader)

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.