Market Watch

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 for a buy - Yesterday we closed some of our positions and took a profit of 50 pips. We are now holding at 0.766697 and at 0.75134.

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 70 pips. We are now holding at 1.56069

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.