Market Watch

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 again - Yesterday we closed some of our positions and took a profit of 78 pips. We are now holding at 1.49165.

GBPCHF (BUY) - This pair has the monthly STOC near the oversold level from April and MACD at the extreme level on the underside, so this is a chance to buy it - We are now holding at 1.30669.

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 - Yesterday we closed some of our positions and took a profit of 50 pips. We are now holding at 148.8068.

USDJPY (BUY) - It is an opportunity to buy when the both monthly and weekly STOCs have been in the oversold area for more than 2 months - Yesterday we closed some of our positions and took a profit of 57 pips. We are now waiting for another opportunity to buy it again.

(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.