Market Watch

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) 9.40320 and (5) 9.38999 and (4) 9.25074 and (6) 9.25090 and (3) 9.25080 and (2) 9.31772.

NZDJPY - This pair's monthly MACD has been going sideway right at the zero line and STOC is heading down aftetr a cross right under the overbought area, therefore it's a chance to sell it - We closed our short positions at break even level and are now holding temporary long positions at (1) 77.963 with the long term at (4) 83.932.

USDCHF - Monthly MACD is going sideway near the zero line and STOC has already made a crossover that seems not strong enough to go higher, so it's still a chance to sell this pair for a bit more - We are now holding covered short positions at (2) 0.96685 and (4) 0.97379 and (5) 0.97333 and (1) 0.97861 and (3) 0.97741.

USDNOK - Monthly MACD is continue going down from the upper side and STOC is trying to turn out of the ovesold level for a crosss, so it is a starting chance to buy this pair - Yesterday we closed our long positions and took a profit of 51 (510) pips. We are now holding short positions at (5) 7.98951 and (4) 8.14334.

(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.