Market Watch

AUDNZD - Its monthly MACD is touching the zero line and STOC is entering the overbought level, so this is still a chance to sell it - We are now holding short positions at (1) 1.08509 and (4) 1.10101 and (5) 1.10162 and (3) 0.9944 and (6) 0.9887.

EURAUD - Monthly MACD is slowing down at the zero line and STOC has been reaching up high for the last two months, so this is time to turn south and sell it for awhile - We are now holding covered short positions at (2) 1.47738 and (3) 1.48654 and (1) 1.47558 and (4) 1.46549 and (5) 1.48339 and (6) 1.48545.

EURCAD - Monthly MACD is hoovering over the zero line and STOC has already made a cross under the overbought level, so it's a chance to sell this pair - We are now holding short positions at (4) 1.48329.

EURNZD - This pair has its monthly MACD already crossed the zero line and STOC is in the overbought area, this is a chance to sell it - We are now holding covered short positions at (1) 1.54844 and (2) 1.51131 and (3) 1.51244 and (4) 1.56004 and (5) 1.55774 and (6) 1.50904.

NZDUSD - Monthly MACD is going sideway right under the zero line and STOC is going down after making a cross last month, so it's a chance to sell this pair - We are now holding temporary long positions at (4) 0.70650.

USDCAD - The monthly MACD is reaching down almost to the zero line and STOC seems unable to get out of the oversold level, so this is still a chance to buy it up a litlle bit - Last week we closed our positions at break even level and now we are holding temporary short positions at (4) 1.25324.

(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.