Market Watch

Yesterday: 434 pips
This week: 434 pips
This month: 1694 pips

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 - On 12/10 we closed some of our positions and took a profit of 129 pips. We are still holding temporary long positions at (5) 1.09951 and (1) 1.09263 and (4) 1.08879.

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) 0.75763 and (5) 0.76375 and (3) 0.76257 and (6) 0.75936 and (2) 0.75455.

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 - We are now holding long positions at (1) 0.87411 and covered short positions at (5) 0.82695.

EURNOK - Monthly MACD is trying to reach higher after a crossover on the upper side and STOC is already in the overbought area, so it is a chance to sell this pair - We are now holding covered short positions at (1) 9.48376 and (5) 9.51554 and (4) 9.45911 and (6) 9.49265 and (3) 9.59432 and (2) 9.56193.

EURUSD - Monthly MACD is slowing down after crossing zero line and STOC is already making a cross downward, 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.

GBPAUD - 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 short positions at (5) 1.66761 and (1) 1.66139 and (4) 1.73218 and (2) 1.76068 and (3) 1.77138 and (6) 1.77500.

GBPCHF - Monthly MACD is reaching high on the under side and STOC is already in the overbought area, so it's a chance to sell this pair - Yesterday 12/11 we closed some of our positions and took a profit of 167 pips. We are now holding covered short positions at (1) 1.30453 and (4) 1.29170 and (5) 1.29549.

GBPJPY - The monthly MACD is still on the underside and STOC is high in the overbought area, so it is a chance to sell this pair - We are still holding long positions at (4) 159.801 and covered short positions at (1) 144.725 and (6) 139.545 and (3) 139.456 and (2) 139.652 and (5) 152.711.

NZDCAD - Monthly MACD is already passing the zero line and STOC is going to make a cross over from the oversold area, so this is a chance to buy it - Yesterday 12/11 we closed some of our positions and took a profit of 81 pips. We are now holding temporary short positions at (1) 0.88870 and (4) 0.88966.

NZDCHF - The monthly MACD is showing weakness after crossing the zero line while STOC is already entering the oversold area, so this is a chance to buy it - Yesterday 12/11 we closed our positiong at break even level. We are now holding temporary short positions at (1) 0.68513.

NZDJPY - The monthly MACD is going sideway 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 - Last week on 12/7 we closed some of our positions and took a profit of 57 pips. We are now holding short positions at (1) 78.355.

USDCAD - The monthly MACD is going sideway near the zero line and STOC is reaching to 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 and (1) 1.28575 and (5) 1.28388.

USDCHF - Monthly MACD is going down to the zero line and STOC is touching the mid level, 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 (5) 0.97333 and (1) 0.97861 and (3) 0.97741 and (6) 0.99497.

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 (4) 109.177 and 113.540.

USDNOK - Monthly MACD is slowing down not too far from the zero line and STOC is passing the mid level after a crosss, so it is a chance to buy this pair - We are now holding temporary covered short positions at (5) 8.12513 and (4) 8.22983 and (1) 8.17546 and (6) 8.36485 and (3) 8.37962.

(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.