Market Watch

Last Friday: 790 pips
This week: 381 pips
This month: 1171 pips

AUDCHF - Monthly MACD has the tendency to go down at the zero line and STOC is making a cross downward, so it is a chance to sell this pair - Yesterday 12/5 we closed some of our positions and took a profit of 52 pips. We are now holding temporary long positions at (5) 0.75045 and (6) 0.74783 and (1) 0.74759.

AUDJPY - The monthly MACD is going side way at the zero line and STOC is coming down after making a cross at the overbought level, so this is a chance to sell it - Last week on 12/1 we closed some of our positions and took a profit of 96 pips. We are now still holding long positions at (4) 91.388.

CADCHF - Monthly MACD is slowing down on the underside near the zero line and STOC is going to make a cross downward right under overbought area, so it's is a chance to sell this pair -Last week on 12/1 we closed some of our positions and took a profit of 41 pips. We are now holding covered short positions at (1) 0.76010 and (6) 0.75012 and (5) 0.76329.

CADJPY - The monthly MACD reaching almost to the zero line and STOC is making a cross downward from the overbought area, so it's the chance to sell it - Last week on 12/1 we closed some of our positions and took a profit of 144 pips. We are now holding covered short positions at (2) 85.406 and (3) 86.612 and (6) 85.694 and temporary long positions at (4) 86.886.

EURCAD - Monthly MACD is trying to reach higher on the upper side and STOC is going sideway at the overbought level after a crossover, so it's a chance to sell this pair - Last week on 12/1 we closed some of our positions and took a profit of 196/193/120 pips. We are still holding short positions at (1) 1.48032 and (5) 1.50175.

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 - On 12/4 we closed some of our positions and took a profit of 83 pips. We are now holding covered short positions at (5) 0.82695.

USDCAD - The monthly MACD is slowing down near the zero line and STOC is trying to get out of the oversold level, so this is the time to wait and go according to market opportunity - On 12/4 we closed all of our positions and took a profit of 63/58/125 pips. We are now waiting for another chance to get back in.

(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.