Market Watch

EURAUD (SELL) - Although this pair has the weekly STOC turned up from the oversold level, in a wider picture it has the potential to go down at least to the 1.4300 level, so we decide to get in for an early sell - We covered our shorts positions and are holding at 1.529748.

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 covered our short positions and now holding at 1.908255.

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 - We are holding our positions at 160.7910.

USDCAD (SELL) - The pair will need some corrections before going down again, at least to 1.2300 level, and with the daily MACD at 92.70, we decide to sell it a bit early - Yesterday we closed some of our positions and took a profit of 53 pips. We are now holding at 1.308150.

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 11.22 - We are now holding our positions 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.