Market Watch

AUDCHF (BUY/SELL) - This pair has its monthly STOC already going into the overbought level and its monthly MACD has the possibility to be down for sometime, so it is a chance to sell it for a while - We are now holding short positions at 0.74704.

AUDJPY (BUY/SELL) - Although this pair has its monthly STOC already left the oversold area, MACD is still on the underside, thus it has some distance to go down before making a turn - We are now holding temporary covered short positions at 78.8395.

AUDUSD (BUY/SELL) - This pair still has its monthly MACD on the underside although STOC is near the overbought level, so it still has some distance to go (at least to 0.78300) for a buy before turning down - Yesterday we closed our long positions and took a profit of 55 pips. We are now standing aside waiting for a minor correction before getting in again.

NZDJPY (BUY/SELL) - Although this pair's monthly MACD has been on the underside, but monthly STOC has arised from the oversold level for about 2 months, so this is a time to buy (or sell) whenever there's a chance to do so - We are now holding temporary short positions at 75.5940.

USDCAD (SELL) - The pair will need some upward corrections before going down again, at least to 1.2460 level, so this is a chance to sell it whenever there's an opportunity to do so - We are now holding covered short positions at 1.30711.

(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.