Market Watch

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.

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.

NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and at the oversold level for nearly 4 months, so this is a chance for us to buy it - Yesterday we closed our positions and took a profit of 37 pips. We are now standing aside waiting for another chance to buy it again.

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 standing aside waiting for another chance to buy it again.

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.