Market Watch

AUDCAD (SELL) – It is starting to go down and although there is a risk of upward correction but we want to catch the downside early so we decide to go in and sell it. We are holding our positions at 0.992140.

EURGBP (SELL) – The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious. We are holding our positions at 0.791370.

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 in the overbought level, 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. We are holding our positions at 1.131670.

GBPJPY (BUY) – This pair has a potential of a buy because both weekly and monthly STOC are at oversold level but it’s still has some distance to go. We will wait for a few days to make sure it’s safe to get in for a buy. It’s at 156.771

GBPUSD (BUY) – This pair has been bound back from the historical level at 1.4000 and the monthly STOC is already in the oversold area. Yesterday we again closed another part of our positions and took a profit of 95 pips. We continue to hold our positions at 1.428840.

EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more before making a turn. That is happening at the daily levels. Yesterday we closed part of our positions and took a profit of 53 pips. We are holding our positions at 123.9550.

NZDJPY (BUY) – This pair has been back at the monthly oversold level and passed MACD zero line. Although it’s still have some distance to go down but on the daily chart it is already turning up. We will wait for a proper sign on the 4-hour chart before getting in for a buy. It’s at 76.506.

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.