Market Watch

AUDCAD (SELL) – It is starting to go down and although there is a risk of upward correction but we want to catch the downside early so we decide to go in and sell it. We continue to hold our positions at 0.98617.

AUDNZD (SELL) – Although the monthly MACD is on the underside but the weekly STOC has turned at the overbought level. We are holding our positions at 1.11943.

EURGBP (SELL) – The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious – We are holding our positions at 0.78670.

EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more although the daily STOC is already making a turn. We are holding new positions at 123.5970 and wait for an opportunity to buy more.

GBPUSD (BUY) – This pair has been bound back from the historical level at 1.4000 and the monthly STOC is already in the oversold area. We continue to hold our positions at 1.428840 and wait for the downside correction to be over then buy again.

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.