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.

GBPCAD (BUY) - This pair has the monthly MACD already on the underside and the STOC at the extreme oversold level, so we decided to get in a bit early to buy it. We are now holding at 1.68397.

GBPCHF (BUY) - This pair has the monthly STOC being in the oversold level for more than a monthly and MACD at the extreme on the underside, so this is a chance to buy it - We are holding positions at 1.32411 and 1.27947

USDCAD (SELL) - The pair will need some corrections before going down again, at least to 1.2600 level, so we decided to sell it again - We covered our short positions and are now holding at 1.287877.

USDJPY (BUY) - It is an opportunity to buy this pair when monthly MACD has gone to the underside and the STOCs is already in oversold area - 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.