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 89 pips. We are now holding at 80.048.

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 and sell it - Yesterday we closed some of our positions and took a profit of 301 pips. We are now holding at 1.54378.

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 69 pips. We are now holding at 1.45628.

EURNZD (SELL) - This pair has a rebound from the April low and will go down, at least to 1.5850, so we decide to sell it again - Yesterday we closed some of our positions and took a profit of 26 pips. We are now holding at 1.63307.

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 82 pips. We are now holding at 1.95381.

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 86 pips. We are now holding at 1.85774.

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 153 pips. We are now holding at 156.3150.

GBPNZD (SELL) - For the longtime outlook, this pair still has some distance to sell, at least to 2.0300 level, and the weekly STOC has turned down from the oversold area, so we decide to get in again - We covered our short positions and are now holding at 2.07980.

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 70 pips. We are now holding at 1.27826.

(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.