Market Watch
EURCAD
GBPUSD
USDJPY
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.
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.
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.