Market Watch
This week: 2,882 pips
This month: 6,253 pips
(Our weekly post is for pairs that we entered or added more positions during the week and for pairs that we closed for a profit. Pairs that are unchanged or inactive are not posted)
CHFJPY (Dec) – Monthly MACD is going to make a crossover back to the zero line and STOC is hovering over the oversold level, so this is a chance to buy this pair – We are now holding temporary short positions at (5) 109.602 and (2) 109.403 and (3) 110.581 and (1) 111.249 and (6) 111.458 and (4) 111.699.
EURCAD (Dec) – Monthly MACD is trying to turn back to the zero line and STOC is making an attempt to be out of the oversold area, it’s a chance to buy this pair – This week we closed some of our positions and took a profit of 43 pips. We are now holding covered long positions at (3) 1.62962 and (5) 1.50088 and (1) 1.49477 and (4) 1.49137 and (6) 1.46296.
EURNOK (Dec) – Monthly MACD is starting to turn back down to the zero line and STOC is going to make a cross right under the overbought level, so it’s a chance to sell this pair. This week we closed some of our positions and took a profit of 149 pips. We are now holding short positions at (1) 9.62894 and (5) 9.66645 and (2) 9.62672 and (4) 9.66115 and (3) 9.76313.
EURUSD (Dec) – Monthly MACD has been going sideway under the zero line for almost 4 months and STOC can’t go up far from the oversold level, so it’s a chance to continue buying this pair – This week we closed some of our positions and took a profit of 138 pips. We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987.
GBPAUD (Dec) – Monthly MACD is going higher from the zero line and STOC is up high in the overbought are, so this is a chance to sell it – This week we closed some of our positions and took a profit of 353 pips. We are now holding short positions at (4) 1.86906 and (2) 1.88875.
GBPCAD (Dec) – Monthly MACD is reaching up to the zero line after a crossover and STOC is getting closer to the overbought level, so this is still a chance to buy it – This week we closed some of our positions and took a profit of 439 pips. We are now holding temporary covered short positions (6) 1.71048 and (1) 1.70257 and (2) 1.70583 and (3) 1.73397 and (4) 1.70872 and (5) 1.70700.
GBPCHF (Dec) – Monthly MACD already made a crossover to the zero line and STOC is coming closer to the overbought level, so it’s still a chance to buy this pair – This week we closed some of our positions and took a profit of 523 pips. We are now holding temporary short positions at (2) 1.26163 and (5) 1.27019 and (4) 1.27397.
GBPJPY (Dec) – The monthly MACD already made a cross upward to the zero line and STOC is reaching up to the overbought level, it is a chance to buy this pair – This week we closed some of our positions and took a profit of 363 pips. We are now holding temporary short positions at (2) 141.381 and (3) 141.474 and (1) 142.180 and (5) 142.318.
GBPNZD (Dec) – The monthly MACD is going back down to the zero line and STOC is leaving the overbought level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 496 pips. We are now holding temporary short positions at (5) 1.97566 and (1) 1.96864.
GBPUSD (Dec) – Monthly MACD is reaching up to the zero line after a crossover and STOC is almost touching the overbought level, so it’s a chance to buy this pair – This week we closed some of our positions and took a profit of 344 pips. We are now holding temporary short positions at (6) 1.30344 and (3) 1.29995.
USDCAD (Dec) – The monthly MACD is on its way back to the zero line and STOC continues to go further down to the oversold level, so this is still a chance to sell it – We are now holding covered short positions at ( 5) 1.31643 and temporary long positions at (1) 1.32361 and (2) 1.31654 and (3) 1.31324.
USDCHF (Dec) – Monthly MACD continues to go down slowly to the zero line and STOC is already passing the mid level after a cross downward, so it’s a chance to sell it – This week we closed some of our positions and took a profit of 77 pips. We are now holding covered short positions (5) 0.96106 and temporary long positions at (1) 0.98232 and (2) 0.97865.
Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and/or damage which may arise directly or indirectly from the content of these and future articles.