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.

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 to do so - We are now holding short positions at 1.72248 and 1.74137.

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.

GBPNZD (BUY/SELL) - This pair has its monthly MACD well on the underside and STOC is in the oversold area for three months, but there is still some chance for it to go down a bit before turning up, so we will sell it whenever there is an opportunity to do so - We are now holding temporary short positions at 1.82860.

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.

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 now holding temporary short positions at 103.3470.

(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.