Market Watch
GBPJPY
USDCAD
USDJPY
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 34 pips. We are now holding at 79.225.
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 - Yesterday we closed some of our positions and took a profit of 22 pips. We are now holding at 1.45628.
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 52 pips. We are now holding at 122.2350.
GBPAUD (SELL) - With the monthly MACD is still on the upper side and weekly STOC is turning down from the overbought area, we decide to sell this pair again - Yesterday we closed some of our positions and took a profit of 58 pips. We are now holding at 1.95965.
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 and sell it - Yesterday we closed some of our positions and took a profit of 142 pips. We are now holding at 1.85220.
GBPJPY (BUY) - This pair has been in the monthly oversold area and MACD has passed the zero line. The weekly STOC has turned up, so we decide to get in for a buy - Yesterday we closed part of our positions and took a profit of 68 pips. We are now holding at 155.3820.
USDCAD (SELL) - The pair will need some corrections before going down again, at least to 1.2300 level, so we decide to sell it again - Yesterday we closed some of our positions and took a profit of 76 pips. We are now holding at 1.28486.
USDJPY (BUY) - It is an opportunity to buy when the monthly STOC has been in the oversold area for more than 2 months - Yesterday we closed some of our positions and took a profit of 44 pips. We are holding at 107.6260.
(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.