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 - Yesterday we closed some of our positions and took a profit of 88 pips. We are now standing aside for a while to wait for another opportunity to buy.

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 - We are now holding at 1.45159.

EURJPY (BUY) - The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, approximately to 120.00 level, it is still presenting an opportunity to buy - Yesterday we closed some of our positions and took a profit of 47 pips. We are now holding our positions at 123.8415.

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 - Yesterday we closed some of our positions and took a profit of 48 pips. We are now standing aside to wait for another opportunity to buy.

(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.