Market Watch
EURNZD
GBPCHF
NZDUSD
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 - Last Friday we closed some of our positions and took a profit of 82 pips. We are now holding at 1.56836.
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.