Market Watch

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.

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 are now holding at 0.82839, 0.80087 and 0.79176.

GBPJPY (BUY) - This pair has been in the monthly oversold area more than 6 months and MACD has passed the zero line nearly of that long. The weekly MACD is also on the underside, so this is a chance to buy it - We are holding positions at 148.8068.

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 - We are now standing aside a while waiting for another chance to buy it again.

(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.