Market Watch

AUDNZD (SELL) – Although the monthly MACD is on the underside but the weekly STOC has turned at the overbought level and the 4-hour one has been down – We closed part of our position and took a profit of 109 pips. We are holding our new positions at 1.11209.

EURGBP (SELL) – The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious – We continue to hold our positions at 0.78670 and waiting for a daily correction to sell more.

EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more although the daily STOC is already making a turn – We continue to hold our new positions at 123.5970 and waiting for a daily correction to buy more.

GBPNZD (SELL) – For the longtime outlook, this pair still has some distance to sell although the weekly STOC is already in the oversold area. We decide to go in for a short-time sell and will observe it closely in order to get out when the condition is reversed – We are in at 2.120490.

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.