Market Watch

EURAUD (SELL) - This pair has the monthly MACD already crossing down and the monthly STOC still has some distance to go before touching the oversold level, so it’s a chance to sell it again.

EURGBP (SELL) - The pair has been up to the monthly overbought level and MACD is already passing over the zero line, so it's a chance to keep selling it - We covered our short positions and are now holding at 0.82839, 0.80087 and 0.79176.

USDCAD (SELL) - The pair has the monthly MACD already crossing down and STOC being near the oversold level, so the potential for some downward moves is still there - Last week we closed our position and took a profit of 76 pips. We are now standing aside waiting for another chance to sell 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.