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 0.98573.

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.

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 0.79176, 0.80087 and 84191.

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 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.