Market Watch

Monthly total: 1619 pips.

AUDCHF - Monthly MACD is reaching up to the zero line and STOC is turning down from the overbought level, so it's a chance to sell this pair - We are now holding temporary long positions at (1) 0.74931 and (2) 0.75112.

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 long positions at (4) 91.388 and (1) 84.197 and (2) 83.526 and (3) 83.239 and (5) 82.265.

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) 1.06801.

CADCHF - Monthly MACD is slowing down on the underside and STOC has already made a cross downward right under overbought area, so it's is a chance to sell this pair for a short period of time - We are now holding long positions at (1) 0.73995 and (2) 0.73540.

CADJPY - The pair has its monthly MACD already made a crossover under the zero line and STOC is reaching to the overbought area, so there is the small chance to buy it for a little more and then sell it again - We are now holding long positions at (1) 85.011 and (2) 84.307 and (5) 84.427 and (6) 84.575 and (3) 84.600.

EURAUD - Monthly MACD is already passing the zero line and STOC is in the oversold area, so this is time to look for a chance to buy it - We are now holding temporary short positions at (1) 1.42407 and (2) 1.42953.

EURCAD - Monthly MACD is making a turn up at zero line and STOC has already made a crossover in the oversold area, so it's a chance to buy this pair - We are now holding temporary short positions at (1) 1.44446 and (2) 1.46687.

EURCHF - Monthly MACD is slowing down under the zero line and STOC is making a crossover in the oversold level, so it is a chance to buy this pair - We are now holding temporary short positions at (1) 1.08117.

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 - We are still holding covered short positions at (4) 0.835476 and (5) 0.817347.

EURNZD - This pair has its monthly MACD already under the zero line and STOC is going sideway in the oversold area, this is a chance to buy it - We are now holding short positions at (1) 1.50703 and (2) 1.51131 and (3) 1.51244 and (4) 1.50854 and (5) 1.50634 and (6) 1.50904.

EURUSD - Monthly MACD is still lingering under zero line and STOC is making a crossover out of the oversold area, so it's a chance to buy this pair - We are now holding temporary short positions at (1) 1.08546.

GBPAUD - Monthly MACD is slowing down on the underside for a crossover and STOC is still in the oversold area, so this is a chance to buy it. We are now holding temporary short positions at (1) 1.65433 and (2) 1.65814 and (3) 1.66265 and (5) 1.67018 and (6) 1.69183.

GBPCAD - The monthly MACD is slowing down on the underside 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) 1.65000 and (5) 1.64966 and (6) 1.64639 and (1) 1.65586 and (2) 1.64944 and (3) 1.64884.

GBPNZD - The monthly MACD is gong to make a crossover from the underside and STOC has already made a such move in the oversold area, so this is a chance to buy this pair - We are now holding temporary short positions at (1) 1.75803 and (2) 1.75293 and (6) 1.75856 and (3) 1.76707 and (5) 1.76126 and (4) 1.76111.

GBPUSD - Monthly MACS is making a cross over from the underside and STOC is reaching up from the bottom of oversold area, so it's a chance to buy this pair. We are now holding temporary short positions at (1) 1.25627 and (2) 1.27563 and (3) 1.27563 and (6) 1.27621.

NZDCHF - The monthly MACD is already reaching up to the zero line and STOC is making a cross downward, so this is a chance to sell for some times - We are now holding temporary long positions at (1) 0.70723 and (2) 0.71118 and (3) 0.71234 and (4) 0.70743 and (5) 0.71083 and (6) 0.71071.

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 long positions at (4) 83.932 and (6) 80.200 and (5) 79.960 and (1) 80.317 and (2) 80.016 and (3) 80.329.

USDCAD - This pair monthly MACD is on the downward path to the zero line and STOC is making a cross sideway near the oversold level, so this is a chance to sell it a bit more before turning up - We are holding short positions at (1) 1.35561.

USDJPY - Monthly MACD is now touching at the zero line and STOC is on its way up to the overbought area, so it is still an opportunity to buy some more - We are now holding long positions at (1) 110.373 and (2) 109.832 and (3) 108.430 and (4) 108.518 and (5) 108.545.

(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.