Market Watch

AUDUSD (BUY/SELL) - This pair still has its monthly MACD on the underside although STOC is near the overbought level, so it still has some distance to go (at least to 0.78300) for a buy before turning down - We are now holding long positions at 0.761180.

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 short positions at 1.45883.

EURNZD (SELL) - This pair has its monthly MACD already crossing to the underside, and although STOC has been in the oversold area, there is still some chances to it to go down more - We are now holding our short positions at 1.54555.

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 - We are now holding short positions at 0.72743 and 0.73226.

USDJPY (BUY/SELL) - 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 long positions 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.