Market Watch

Last Friday: 345 pips
Last week: 1002 pips
This month: 2274 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 covered short positions at (2) 0.73074 and (3) 0.72933 and (4) 0.75002 and (5) 0.75060 and (6) 0.75012 and (1) 0.74756.

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 covered short positions at (1) 84.356 and (5) 84.584 and (2) 85.641 and (6) 85.645 and (3) 85.674 and still holding long positions at (4) 91.388.

AUDNZD - The pair has its monthly MACD reaching up to the zero line and STOC is already passed the mid level, so this is still a chance to sell it - We are now holding short positions at (1) 1.08509 and (2) 1.09516 and (4) 1.10101 and (5) 1.10162 and (3) 1.10932 and (6) 1.10943.

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 waiting for the top and holding short positions at (1) 0.77231 and (5) 0.77575 and (2) 0.76780 and (3) 0.77730 and (6) 0.77731.

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 covered short positions at (1) 0.76010 and (4) 0.77060 and (6) 0.75012 and (5) 0.76329 and (2) 0.75925 and (3) 0.75925.

CADJPY - The pair has its monthly MACD reaching almost to the zero line and STOC is approaching to the overbought area, so it's the chance to sell it - We are now holding covered short positions at (5) 84.969 and (2) 85.406 and (3) 86.612 and (6) 85.694 and (1) 87.312 and (4) 87.954.

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 covered short positions at (1) 114.563 and (2) 113.475 and (5) 112.865 and (3) 112.913 and (4) 113.561 and (6) 113.404.

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) 1.47308 and (3) 1.45985 and (1) 1.47558 and (4) 1.46549 and (5) 1.46127 and (6) 1.46062.

EURCAD - Monthly MACD is hoovering over the zero line and STOC is nearly entering the overbought level, so it's a chance to sell this pair - We are now waiting for another chance to get back in.

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) 1.10676 and (4) 1.13945 and (2) 1.11536 and (5) 1.09763 and (3) 1.11963 and (6) 1.11960.

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 - Last Friday we closed some of our positions and took a profit of 165 pips. We are now holding covered short positions at (4) 0.88356 and (5) 0.82695 and (1) 0.87814 and (2) 0.87735.

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) 125.725 and (2) 123.028 and (4) 125.330 and (5) 125.369 and (3) 124.248 and (6) 125.368.

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) 9.25048 and (5) 9.25090 and (4) 9.25074 and (6) 9.25090 and (3) 9.25080 and (2) 9.31772.

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) 1.56004 and (5) 1.53259 and (6) 1.50904.

EURUSD - Monthly MACD is reaching up to the zero line and STOC is already in the overbought area, so it's a chance to sell this pair - We are now holding temporary covered short positions at (1) 1.13232 and (5) 1.13102 and (2) 1.14497 and (6) 1.14235 and (3) 1.14543 and (4) 1.17006.

GBPAUD - Monthly MACD is making a cross downward on the underside and STOC is still lingering close to the oversold area, so this is a chance to sell it - We are now holding short positions at (5) 1.61985 and (1) 1.61881.

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 waiting for another chance to get back in.

GBPCHF - Monthly MACD is still on the under side and STOC is reaching to the mid level, so it's a chance to buy this pair - We are now holding temporary short positions at (1) 1.27226 and (4) 1.27310.

GBPJPY - The monthly MACD is going side way and still on the underside and STOC is near the overbought area, so it is a chance to sell this pair - Last Friday we closed some of our positions and took a profit of 180 pips. We are now holding long positions at (4) 159.801 and covered short positions at (1) 141.222 and (6) 139.545 and (3) 139.456 and (2) 139.652.

GBPNZD - The monthly MACD is going sideway after making a crossover 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 holding short positions at (1) 1.80813 and (4) 1.81804 and (5) 1.81933.

GBPUSD - Monthly MACS is slowing down and still on the underside and STOC is reaching up over mid level, so it's a chance to sell this pair a little more - We are now holding covered short positions at (1) 1.28386 and (2) 1.27961 and (3) 1.29396 and (6) 1.31014.

NZDCAD - Monthly MACD is going down after making a cross on the upper side and STOC is entering the oversold area, too, so this is a chance to buy it - We are now holding long positions at (1) 0.87787.

NZDCHF - The monthly MACD is showing weakness after crossing the zero line while STOC is going to turn downward, so this is a chance to sell it - We are now holding covered short positions at (4) 0.68908 and (5) 0.70200 and (1) 0.69286.

NZDJPY - This pair's monthly MACD is now going sideway right at the zero line and STOC is already in the overbought area, therefore it's a chance to sell it - We are now holding covered short positions at (1) 78.691 and (5) 78.653 and still holding long positions at (4) 83.932.

NZDUSD - Monthly MACD is at the zero line and STOC is going sideway just under 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) 0.72044 and (3) 0.72488.

USDCAD - This pair monthly MACD is on the downward path to the zero line and STOC is already entering the oversold level, so this is a chance to buy it up a litlle bit - We are holding long positions at (1) 1.24934.

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 holding short positions at (2) 0.95670 and (4) 0.96834 and (5) 0.96789.

USDJPY - Monthly MACD is now turning down from the zero line and STOC seems reluctant to go higher after making a crossover, so it is a chance to sell this pair - We are now holding covered short positions at (1) 110.432 and (4) 109.177.

USDNOK - Monthly MACD is continue going down from the upper side and STOC is reaching the ovesold level, so it is a starting chance to buy this pair - We are now holding temporary long positions at (1) 8.34090 and (4) 8.27408 and (5) 7.91795 and (2) 7.86775.

(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.