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.

EURGBP (SELL) - The pair has turned back from the monthly overbought level and this is an opportunity to sell, but MACD is still on the underside, so the risk is still there and we will be very cautious - We covered our short positions and are now holding at 0.79176.

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 - Yesterday we closed some of our positions and took a profit of 164 pips. We are now holding at 1.32411.

NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - We are now holding at 73.2630.

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 - We covered our short positions and are now holding at 1.27621.

(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.