Market Watch

CADCHF (BUY/SELL) - For this pair, although the monhly MACD is still low on the underside, but the STOC is going to cross down near the overbought level, so we will wait patiently for a good moment to cover our long positions and wait for a rise at least to 0.77300 level - We are now holding long positions at 0.766697 and short position at 0.75123.

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 - We are now holding at 1.47944 and 1.48218.

EURJPY (BUY/SELL) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy or sell whenever there is a right condition - We are now holding long positions at 121.9238 and temporary short positions at 113.8230.

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 for it to go down more - Last Friday we closed our short positions and took a profit of 92 pips. We are now standing aside to wait for a correction before entering again.

GBPAUD (SELL) - Although the monthly MACD is already going to the underside and STOC is in the oversold area, there is still some distance to go down, so we are in to sell this pair again - Last Friday we closed our short positions and took a profit of 92 pips. We are now holding short positions 1.73802.

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 - Last Friday we closed our short positions and took a profit of 128 pips. We are now standing aside waiting for another opportunity to get in again.

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 are now holding short positions at 1.30449.

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 - Last Friday we closed some of our long positions and took a profit of 108 pips. We are holding long positions 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.