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 52 pips. We are now standing aside waiting for another opportunity to sell it again.

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 - We are now holding at 1.32411.

GBPUSD (BUY) - This pair has been down to the oversold level from January 2016 and the monthly MACD is on the underside at an extreme level, so we decided it is a chance to buy this pair - We are now holding at 1.37979.

USDCAD (SELL) - The pair will need some corrections before going down again, at least to 1.2300 level, so we decided 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.