Market Watch

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 60.66, 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 - Last Friday we closed our positions and took a profit of 11 pips. We are now standing aside for a while waiting for a daily correction then will sell this pair again.

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 - Last Friday we closed some of our positions and took a profit of 32 pips. We are now holding at 1.904250.

NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - Last Friday we closed some of our positions and took a profit of 48 pips. We are now holding at 74.7800.

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 12.34 - Last Friday we closed our positions and took a profit of 71 pips. We are standing aside right now to wait for a daily correction about to happen then buy again.

(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.