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 are now holding at 1.529748.

EURGBP (SELL) - The pair has turned back from the monthly overbought level 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 65 pips. We are holding at 0.762640.

EURNZD (SELL) - This pair has a rebound from the April low, so we decide to sell it again - Yesterday we closed some of our positions and took a profit of 61 pips. We are now holding at 1.652220.

GBPJPY (BUY) - This pair has been in the monthly oversold area 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, so we decide to sell it a bit early - We are now holding at 1.308150.

(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.