Market Watch
EURAUD
EURCAD
NZDUSD
AUDCHF (BUY) - Although the monthly STOC is near the overbought level, but MACD is still on the underside, so we will wait for any oversold movement to buy this pair - We are now standing aside waiting for a chance to get back in.
EURAUD (SELL) - The weekly STOC has already passed the oversold level and in a wider picture it has the potential to go down at least to 1.4300, so we decide to get in and sell it again - Yesterday we closed some of our positions and took a profit of 74 pips. We are now holding at 1.47944.
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 - Yesterday we closed some of our positions and took a profit of 82 pips. We are now holding at 1.45883.
EURUSD (SELL) - We shall pay close attention to this pair. In a wider picture it is a buy, when monthly MACD is still on the underside and STOC is not near the overbought level yet, that's why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - We are now holding at 1.13303.
GBPAUD (SELL) - Although the monthly MACD is already going to the underside and STOC is in the overbought area, there is still some distance to go down, so we are in to sell this pair again.
NZDUSD (BUY/SELL) - This pair has its monthly MACD going up from an underside crossover and the STOC is already in the overbought level, so this is the time to go around and sell this pair temporarily - Yesterday we closed some of our positions and took a profit of 31 pips. We are now selling it at 0.72743.
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 and 100.2770.
(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.