Market Watch

EURJPY (BUY/SELL) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy or sell whenever there is a right condition - Yesterday we closed our temporary short positions and took a profit of 252 pips. We are now still holding long positions at 121.9238.

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 - Yesterday we closed our short positions and took a profit of 93 pips. We are now standing aside waiting for another chance to get in again.

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 short positions at 1.30729.

(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.