Market Watch

AUDNZD (BUY) - This pair has the monthly MACD already on the underside and STOC is in the oversold area, so this is a chance to buy it - We are now holding our covered long positions at 1.04040.

GBPCAD (BUY/SELL) - Although this pair has the monthly MACD already on the underside and the STOC at the extreme oversold level, but it still has some distance to go downward, so we will sell it whenever there is an opportunity present - We are now standing aside waiting for the market to calm down.

GBPCHF (BUY/SELL) - This pair has the monthly STOC being in the oversold level for two months and MACD at the low on the underside, so this is a chance to buy it - We are now holding long positions at 1.32411 and covered short positions at 1.29260.

NZDCAD (BUY/SELL) - This pair has its monthly MACD on the upper side and STOC at the overbought level for 2 months, so this is a chance to sell it - We are now holding our short positions at 0.94905.

NZDCHF (BUY/SELL) - This pair still has its monthly MACD on the underside and STOC is already in the overbought area for nearly two months, so this is a chance to sell it although we usually refer to by this pair because of the rollover rate - We are now holding short positions at 0.71338.

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 standing aside waiting for another opportunity to get in again.

(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.