Market Watch

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.

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 short positions at 1.12673.

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 - We are now holding short positions at 1.72186 and 1.73802.

GBPCHF (BUY/SELL) - 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 long positions at 1.32411 and short positions at 1.28204.

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.