Market Watch

AUDNZD (SELL) – Although the monthly MACD is on the underside but the weekly STOC has turned at the overbought level and the 4-hour one has been down – Yesterday we closed all of our positions and took a profit of 273 pips. We are holding our new positions at 1.09914.

EURGBP (SELL) – The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious – We continue to hold our positions at 0.78670 and waiting for a daily correction to sell more.

GBPNZD (SELL) – For the longtime outlook, this pair still has some distance to sell although the weekly STOC is already in the oversold areas. We decide to go in for a short-time sell at 2.12049 and will observe it closely in order to get out when the condition is reversed – Last night we closed all of our positions and took a profit of 461 pips. We are holding our new positions at 2.10268.

GBPUSD (BUY) – This pair has been bound back from the historical level at 1.4000 and the monthly STOC is already in the oversold area – We continue to hold our positions at 1.428840 and wait for the downside correction to be over then buy again.

NZDCAD (BUY) – Although this pair has a clear going down tendency on the monthly chart, but all three other STOCs are at oversold areas so we decide to go in for a buy temporarily at 0.866250 – Last night we closed part of our positions and took a profit of 57 pips. We are holding at new positions at 0.871510.

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.