Market Watch

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 - We are now holding at 121.9238.

EURNZD (SELL) - This pair has a rebound from the April low and will go down eventually, so we decide to sell it again - We are now holding at 1.57238 and 1.58272.

GBPCHF (BUY) - This pair has the monthly STOC near the oversold level from April and MACD at the extreme on the underside, so this is a chance to buy it - We are holding at 1.32411.

NZDUSD (BUY) - This pair has its monthly MACD going up from an underside crossover and the STOC still has some distance to go to the overbought level, so we decided to get in for an early buy - We are now holding at 0.69679.

(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.