Market Watch

Last Friday: 189 pips
Last week: 6108 pips.
Monthly total: 9223 pips.

AUDCAD - This pair has its monthly MACD already crossed to the upper side and STOC is reaching up to the overbought area, so this is the long term trend to sell it again after it made a top in May - We are now waiting for another chance to get back in.

AUDCHF - Monthly MACD has the tendency to go down right under zero line and STOC is already on its downward path, so it is a chance to sell this pair - We are now holding short positions at (1) 0.74029 and (2) 0.74293 and (6) 0.74237 and (5) 0.74168 and (3) 0.74182 and (4) 0.74181.

AUDJPY - This pair has its monthly MACD already made a crossover with STOC is reaching up to the overbought level, so this is a chance to sell it - We are now holding short positions at (1) 83.867 and (5) 84.290 and (2) 84.410 and (6) 84.511 and (3) 84.530 and still holding long positions at (4) 91.388.

AUDNZD - The pair has its monthly MACD still on the underside and STOC has been back to the oversold level since January, so this is a chance for a buy - We are now holding long positions at (1) 1.06514 and (4) 1.05449 and (5) 1.05108 and (6) 1.04681 and (3) 1.04313 and (2) 1.04417.

AUDUSD - Monthly MACD is slowing down near zero line on the under side and STOC is already on a downward path after making a cross, so it's a chance to sell this pair - We are now holding short positions at (1) 0.75533 and (5) 0.75548 and (2) 0.75454 and (3) 0.76182 and (6) 0.76223.

CADCHF - Monthly MACD is slowing down on the underside and STOC has already made a cross downward right under overbought area, so it's is a chance to buy this pair - We are now holding temporary short positions at (1) 0.75355 and (5) 0.73593.

CADJPY - The pair has its monthly MACD already made a crossover under the zero line and STOC is reaching to the overbought area, so there is the small chance to buy it for a little more and then sell it again. Last night we closed some of our positions at break even in order to sell it - We are now holding long positions at (1) 85.011 and short positions at (5) 83.807 and (2) 84.315 and (3) 84.284 and (6) 84.256.

CHFJPY - Monthly MACD is making a crossover right under the zero line and STOC is slowing down not too far from mid level, so this month is a chance to sell this pair a little more - We are now holding short positions at (1) 112.821 and (2) 113.475 and (5) 113.760 and (3) 114.149 and (4) 113.494 and (6) 113.505.

EURAUD - Monthly MACD is slowing down at the zero line and STOC has been reaching up high for the last two months, so this is time to turn south and sell it for awhile - We are now holding covered short positions at (2) 1.45475 and (3) 1.47700 and (1) 1.47397.

EURCAD - Monthly MACD is going to make a cross downward at zero line and STOC is already high enough near the overbought level, so it's a chance to sell this pair - We are now holding covered short positions at (3) 1.48704 and (6) 1.49029.

EURCHF - Monthly MACD is slowing down near the zero line and STOC is just coming out of the oversold area after a crossover, so it's a chance to sell this pair for awhile before turning up - We are now holding short positions (1) 1.08574 and (4) 1.08586 and (2) 1.09039 and (5) 1.08943 and (3) 1.08937 and (6) 1.08941.

EURGBP - The pair has its monthly MACD slow down on the upper side and STOC is going sideway near the mid level, so this is a chance to sell it - We are now holding covered short positions at (4) 0.86443 and (5) 0.82695 and (1) 0.86879 and (2) 0.86313 and (3) 0.87231 and (6) 0.87109.

EURJPY - Monthly MACD is going up to the zero line after making a crossover and STOC is still up strongly from the mid level, so it is a chance to sell this pair for some times more - We are now holding short positions at (1) 123.101 and (2) 123.028 and (4) 123. 290 and (5) 123.287 and (3) 123.478 and (6) 123.941.

EURNOK - Monthly MACD is turning up in an attemp to make a crossover on the upper side and STOC is going upward from the oversold are, so it is a chance to sell this pair - We are now holding covered short positions at (1) 9.46734 and (5) 9.45581 and (4) 9.49401 and (6) 9.5137 and (3) 9.48557 and (2) 9.48398.

EURNZD - This pair has its monthly MACD already under the zero line and STOC is going sideway in the oversold area, this is a chance to buy it - We are now holding temporary covered short positions at (1) 1.50703 and (2) 1.51131 and (3) 1.51244 and (4) 1.50854 and (5) 1.53259 and (6) 1.50904.

EURUSD - Monthly MACD is starting to slow down on the way up to the zero line and STOC is reaching high enough over mid line, so it's a chance to sell this pair - We are now holding temporary covered short positions at (1) 1.10879 and (5) 1.10990 and (2) 1.11497 and (6) 1.11693 and (3) 1.11543 and long positions at (4) 1.15568.

GBPAUD - Monthly MACD is going negative on the underside and STOC is going sideway right over the oversold area, so this is a chance to sell it - We are now holding short positions at (3) 1.66265 and (5) 1.67018 and temporary long positions at (1) 1.67517.

GBPCAD - The monthly MACD seems cannot be able to go higher and STOC has been going sideway for a months, so this is a chance to sell it - We are now holding short positions at (6) 1.64639 and temporary long positions at (1) 1.68271.

GBPCHF - Monthly MACD is attempting to make a crossover on the under side and STOC is coming out of the oversold area after a crossover, so it's a chance to buy this pair - We are still holding covered long positions at (1) 1.25413 and (4) 1.25987 and (5) 1.24238.

GBPJPY - The monthly MACD is slowing down to make a cross on the underside and STOC has reaching to mid level, so it is a chance to sell this pair - We are now holding long positions at (4) 159.801 and (5) 148.806 and short positions at (1) 140.291 and (2) 141.813 and (6) 141.956.

GBPNZD - The monthly MACD is going sideway after making a cross on the underside and STOC seems unable to reach higher after getting out of the oversold area, so this is a chance to sell it for awhile - We are now waiting for another chance to get back in again.

GBPUSD - Monthly MACS is slowing down after a crossover far down on the underside and STOC is going sideway right over the oversold area for 2 months, so it's a chance to sell this pair a little more - We are now holding temporary short positions to test the market at (2) 1.27563 and (1) 1.27493 and (6) 1.27495.

NZDCAD - Monthly MACD is going up after abandoning a cross downward on the upper side and STOC has already made a crossover near mid level, so this is a chance to sell it - Last Friday we closed our positions and took a profit of 69 pips. We are now holding covered short positions at (1) 0.95810 and (4) 0.95895 and (5) 0.95685 and (6) 0.95715 and (3) 0.95835.

NZDCHF - The monthly MACD is already reaching up to the zero line and STOC is making a cross downward, so this is a chance to sell for some times - Last Friday we closed our positions at break even level and now trying to turn south with some of them. We are now holding short positions at (1) 0.69778 and (4) 0.70588 and (5) 0.70599 and still holding temporary covered long positions at (2) 0.71118 and (3) 0.71234 and (6) 0.71071.

NZDJPY - This pair's monthly MACD already made a crossover upward and STOC is reaching almost to the overbought level, therefore it's a chance to sell it - Last Friday we closed some of our positions and took a profit of 49 pips. We are now holding short positions at (1) 80.412 and (5) 80.379 and (3) 80.350 and (2) 80.270 and (6) 80.621 and still holding long positions at (4) 83.932.

NZDUSD - Monthly MACD is now up lighly near the zero line and STOC is already going slower from overbought area, so it's a chance to sell this pair again - We are now holding covered short positions at (1) 0.71592 and (4) 0.71680 and (5) 0.71771 and (6) 0.72104 and (2) 0.72420 and (3) 0.72083.

USDCAD - This pair monthly MACD is on the downward path to the zero line and STOC is making a cross sideway near the oversold level, so this is a chance to sell it a bit more before turning up - We are now waiting for another chance to get back in again.

USDCHF - Monthly MACD is going to get under the zero line after a cross downward and STOC is also on a downward path, so it's a chance to sell this pair - We are now waiting for another chance to get back in again.

USDJPY - Monthly MACD is going sideway right at zero line and STOC is making a cross downward at about mid level, so it is a chance to sell this pair - Last Friday we closed some of our positions and took a profit 71 pips. We are now holding short positions at (6) 111.475 and (1) 111.478 and (5) 111.500.

USDNOK - Monthly MACD is continue going down from the upper side and STOC is turning down near the overbought level, so it is a chance to sell this pair again - We are now waiting for another chance to get back into the market.

(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.