Market Watch

EURCAD (SELL) - For this pair, this is a rebound we have been waiting for from last month when the weekly MACD started to go under the zero line, so we decide to get in for a sell - Yesterday we closed some of our positions and took a profit of 47 pips. We are now holding at 1.45585.

EURGBP (SELL) - The pair has been in the monthly overbought level at 80.03 and this is an opportunity to sell, but MACD is still on the underside, so the risk is still there and we will be very cautious - Yesterday we closed some of our positions and took a profit of 133 pips. We are holding at 0.768540.

EURUSD (SELL) - We will pay close attention to this pair. In a wider picture it is a buy, but we see the weekly STOC has been turned from the overbought level and now at 61.12, that's why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - Yesterday we closed some of our positions and took a profit of 67 pips. We are now holding at 1.121780.

GBPAUD (SELL) - With the monthly MACD is still on the upper side and weekly STOC is near the overbought area at 65.97, we decide to sell this pair earlier - We cover our long positions from last week and now holding at 1.968153.

GBPCAD (SELL) - This pair still has the monthly MACD on the upper side and got some distance to sell, at least to 1.76500 level. With a rebound from weekly oversold level, we decide to get in a bit early - We are holding our positions at 1.901270.

GBPJPY (BUY) - This pair has been in the monthly oversold area at 14.72 and MACD has passed the zero line. The weekly STOC has turned up, so we decide to get in for a buy - Yesterday we closed some of our positions and took a profit of 290 pips. We are now holding at 160.7910.

GBPNZD (SELL) - For the longtime outlook, this pair still has some distance to sell, at least to 2.0300 level, although the weekly STOC is already turning up from the oversold areas, so we decide to get in again - We cover our short positions and now holding at 2.134600.

USDJPY (BUY) - It is an opportunity to buy when the weekly STOC is starting to turn from the oversold area and the monthly one is at 10.81 - Yesterday we closed some of our positions and took a profit of 190 pips. We are now holding at 110.1650.

(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.