Market Watch

EURGBP (SELL) - The pair has turned back to the monthly overbought level and although MACD is already over the zero line, but we still think it a chance to sell - We covered our short positions and are now holding at 0.82839, 0.80087 and 0.79176.

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 47 pips. We are now holding at 1.57238 and 1.57649

NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - We are now holding at 0.74053.

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 - Yesterday we closed some of our positions and took a profit of 34 pips. We are now standing aside waiting for another better chance to 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.