Market Watch

AUDCAD (SELL) - In the overall outlook, this pair still has a long way to go down, at least to 0.93500. Although the monthly MACD is still on the underside but the STOC has come into the overbought area, so we decided to sell it again - We covered our short positions and are now holding at 0.97485.

CADCHF (BUY) - For this pair, although the monhly MACD is still low on the underside, but the STOC is going to cross down near the overbought level, so we will wait patiently for a good moment to cover our long positions - We are now holding at 0.766697 and at 0.75134.

EURCAD (SELL) - This pair has had some repeatedly rebounds from April's low when the weekly MACD started to go under the zero line, so we decided to get in for a sell whenever it has a rebound from monthly AL - We are now holding at 1.45133.

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 107 pips. We are now standing aside waiting for another chance to sell this pair again.

USDJPY (BUY) - It is an opportunity to buy this pair when both monthly and weekly STOCs have been in the oversold area for more than 4 months - We are now holding at 102.3770.

(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.