Market Watch

Yesterday: 89 pips
This week: 470 pips
This month: 1260 pips

AUDJPY - The monthly MACD is going sideway 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 - We are now still holding long positions at (4) 91.388 and (1) 84.986.

AUDNZD - Its monthly MACD has the tendency to going down from just above the zero line and STOC is coming back down from the overbought level, so this is a chance to sell it - We are still holding covered short positions at (1) 1.08509 and (4) 1.10101 and (3) 1.09944 and temporary long positions at (5) 1.09951.

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 temporary long positions at (1) 0.76477 and (5) 0.76375 and (3) 0.76257 and (6) 0.75936 and (2) 0.75455.

CHFJPY - Monthly MACD is going side way at the zero line and STOC is already making a cross downward from the overbought level, so this is a chance to sell this pair - Yesterday 12/6 we closed some of our positions and took a profit of 30 pips. We are still holding covered short positions at (3) 112.913 and temporary long positions at (1) 113.350.

EURUSD - Monthly MACD is going higher after crossing zero line and STOC is already making a cross downward, so it's a chance to sell this pair - Yesterday 12/6 we closed some of our positions and took a profit of 59 pips. 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.

USDCAD - The monthly MACD is slowing down near the zero line and STOC is going sideway at the mid level, so this is the time to wait and go according to market opportunity - We are now holding short positions at (4) 1.27792.

(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.