Market Watch

AUDCAD (SELL) - In the overall outlook, this pair still has a long way to go down, at least to 0.92100. Although the monthly MACD is still on the underside but the STOC has turned down near the overbought area, so we decided to go in and sell it again - We are holding at 0.96726.

CADCHF (BUY) - Although monhly STOC is near the overbought level but MACD is low on the underside, so this pair still has the potential to go up some more - We are holding at 0.776510.

EURJPY (BUY) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy - Yesterday we closed some of our positions and took a profit of 24 pips. We are now holding at 111.4820.

(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.