Market Watch

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 0.800875.

EURNZD (SELL) - This pair has a rebound from the April low and will go down eventually, so we decide to sell it again - Yesterday we closed our positions and took a profit of 44 pips. We are now standing aside waiting for a minor correction happens before going back in and sell it again.

NZDCHF (BUY) - This pair has the monthly STOC already reaching the overbought level while MACD has the tendency to fall back down at least to 0.67565 - Yesterday we closed our positions and took a profit of 86 pips. We are now standing aside waiting for a minor correction happens and 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.