Market Watch

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. We are now holding at 0.94676.

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 37 pips. We are now holding at 78.800.

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 57 pips. We are now holding at 1.54378.

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 38 pips. We are holding at 0.772670.

GBPAUD (SELL) - With the monthly MACD is still on the upper side and weekly STOC is in the overbought area, we decide to sell this pair earlier - We covered our short positions and are now holding at 1.992830.

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 31 pips. We are now holding at 1.8867.

(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.