Market Watch
EURCAD
EURJPY
GBPNZD
AUDCAD (SELL) - In the overall outlook, this pair still has a long way to go down, at least to 0.92100. We decide to go in and sell it a bit earlier. Yesterday we closed some of our positions and took a profit of 43 pips are now holding at 0.94676.
EURAUD (SELL) - The weekly STOC has already passed the oversold level and in a wider picture it has the potential to go down at least to 1.4300, so we decide to get in to sell it - Yesterday we closed some of our positions and took a profit of 71 pips are now holding at 1.52570.
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 covered our short positions and are now holding at 1.458415.
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 - We sell this pair again and are now holding at 0.76764.
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.
GBPCAD (SELL) - This pair still has the monthly MACD on the upper side and got some distance to sell, at least to 1.8000 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 49 pips. We are now holding at 1.89231.
GBPNZD (SELL) - For the longtime outlook, this pair still has some distance to sell, at least to 2.0300 level, and the weekly STOC is near the oversold areas, so we decide to get in again - Yesterday we closed some of our positions and took a profit of 90 pips and are now holding at 2.12845.
(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.