Market Watch

AUDCAD (SELL) - In the overall outlook, this pair still has a long way to go down, at least to 0.92100. We decided to go in and sell it a bit earlier. Last Friday we closed our positions and took a profit of 56 pips. We are now standing aside to wait for an opportunity to get in again.

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 decided to get in for a buy - We covered our long positions and are now holding at 79.5665.

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 decided to get in for a sell - Last Friday we closed some our positions and took a profit of 44 pips. We are now holding at 1.43720.

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 - We covered our long positions and are now holding at 121.4690.

GBPAUD (SELL) - With the monthly MACD is still on the upper side and weekly STOC is turning down from the overbought area, we decided to sell this pair again - Overnight we closed our positions and took a profit of 312 pips. We are now standing aside waiting for a correction to happen and will sell it again.

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 decided to get in and sell it - We are now standing aside waiting for a correction happens before going back in and sell it again.

GBPJPY (BUY) - This pair has been in the monthly oversold area and MACD has passed the zero line. The weekly MACD is still on the underside, so we decided to get in for a buy - We covered our long positions and are now holding at 154.3150.

GBPUSD (BUY) - This pair has the potential to go up again although there will be some big movements a few days later due to the Brexit, so we decided to get in early for a buy - We are now holding at 1.41938.

(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.