Market Watch

Yesterday: 254 pips
This week: 254 pips
This month: 863 pips

EURCAD - Monthly MACD is trying to reach higher on the upper side and STOC is going sideway near the overbought level, so it's a chance to sell this pair - Yesterday 11/6 we closed some of our positions and took a profit of 144 pips. We are still holding short positions at (1) 1.48032.

EURGBP - The monthly MACD is going to make a cross downward on the upper side and STOC is going down to the mid level, so this is a chance to sell it - Yesterday 11/6 we closed some of our positions and took a profit of 110 pips. We are now holding covered short positions at (5) 0.82695 and (1) 0.87814 and (2) 0.87735.

GBPAUD - Monthly MACD is going up from the underside and STOC is near the oversold area, so this is a chance to sell it - We are now holding short positions at (5) 1.66761 and (1) 1.66139 and (4) 1.70109.

GBPNZD - The monthly MACD is going up from the underside and STOC is already in the oversold area, so this is a chance to sell it - We are now holding covered short positions at (1) 1.83716 and (4) 1.83649 and (5) 1.84810 and (2) 1.90167.

USDJPY - Monthly MACD seems unable to go higher from the zero line and STOC has already made a cross upward, so it is a chance to sell this pair - We are now holding covered short positions at (1) 111.069 and (2) 113.138 and (4) 109.177 and (5) 113.052 and (6) 112.886 and (3) 113.055.

(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.