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 1.03648 and 1.03251.

GBPAUD (SELL) - Although the monthly MACD is already going to the underside and STOC is in the oversold area, there is still some distances for it to go down, so we are in to sell this pair again - Yesterday we closed our short positions and took a profit of 147 pips. We are now standing aside waiting for a minor correction before getting in again.

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 chances for it to go down a bit before turning up, so we will sell it whenever there is an opportunity to do so - Yesterday we closed our short positions and took a profit of 376 pips. Because it is turning up, so we are now holding long positions at 1.78817.

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, 0.71777 and 0.71946

(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.