Market Watch

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 some of our positions and took a profit of 72 pips. We are now holding at 1.56428.

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 1.344805 and 1.45109.

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 1.287877.

(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.