Market Watch

AUDJPY (BUY) - Although this pair still has some distance to go down before making a turn, but we want to catch a correction in the progress as the weekly STOC has been in the oversold area, so we decide to get in for a buy - We are now holding at 79.4995.

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 52 pips. We are now holding at 1.45159.

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 - Yesterday we closed some of our positions and took a profit of 87 pips. We are now holding at 1.90483.

EURNZD (SELL) - This pair has a rebound from the April low and will go down, at least to 1.58038, so we decide to sell it again - We are now holding at 1.657660.

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 - We are now holding at 74.1845.

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 - Yesterday we closed some of our positions and took a profit of 70 pips. We are now holding at 1.29542.

(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.