Market Watch

Last week: 346 pips
This week: 49 pips
This month: 1047 pips

AUDCAD (Jan) - Its monthly MACD is touching the zero line and STOC seems to turn up for a cross above the oversold area, this is still a chance to sell it a bit more - On 1/5 we closed some of our positions and took a profit of 145 pips. We are now waiting for another chance to get back in.

AUDJPY (Jan) - The monthly MACD is passing 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 holding covered short positions at (1) 87.198 and (5) 87.200 and (2) 87.698 and (3) 87.655 and (6) 88.102 and long positions at (4) 91.388.

AUDNZD (Jan) - Its monthly MACD is slowing down after passing the zero line and STOC is coming back down from the overbought level, so this is a chance to sell it - On 1/5 we closed some of our positions and took a profit of 82 pips. We are now holding short positions at (1) 1.10081.

AUDUSD (Jan) - Monthly MACD is coming up right under the zero line and STOC is turning back to the overbought area, so it's a chance to sell this pair - We are now holding covered short positions at (1) 0.77315 and (5) 0.77032 and (2) 0.77843 and (6) 0.77764 and (3) 0.78343.

CADCHF (Jan) - Monthly MACD is passing the zero line and STOC is reaching back to the overbought area, so it's is a chance to sell this pair - We are now holding covered short positions at (1) 0.76010 and (6) 0.75012 and (5) 0.76329 and (2) 0.77848 and (4) 0.78450.

CADJPY (Jan) - The monthly MACD is slowing down after just passing the zero line and STOC is linger at the overbought area after making a cross downward, so it's the chance to sell it - We are now holding covered short positions at (2) 85.406 and (3) 86.612 and (6) 85.694 and (1) 89.770 and (4) 89.620 and (5) 90.486.

CHFJPY (Jan) - Monthly MACD is trying to go higher up from the zero line and STOC is leaving the overbought area after making a cross downward, so this is a chance to sell this pair - We are still holding covered short positions at (3) 112.913 and (1) 113.350 and (4) 113.755 and (5) 115.606 and (6) 115.791 and (3) 116.007.

EURCAD (Jan) - Monthly MACD is turning down a little bit on the upper side and STOC is going to make a cross downward from the overbought level, so it's a chance to sell this pair - On 1/5 we closed some of our positions and took a profit of 119 pips. We are now waiting for another chance to get back in.

EURGBP (Jan) - The monthly MACD already made a cross downward from high on the upper side and STOC is going sideway near the mid level, so this is a chance to sell it - On 1/8 we closed some of our positions and took a profit of 49 pips. We are now holding covered short positions at (5) 0.82695 (4) 0.88573.

EURUSD (Jan) - Monthly MACD is slowing down after crossing zero line and STOC is already high in the overbought area, 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 and (1) 1.18795 and (4) 1.19745.

GBPJPY (Jan) - The monthly MACD is reaching up to the zero line and STOC is going sideway high up 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) 152.757.

NZDCHF (Jan) - The monthly MACD is lingering right under the zero line while STOC is going sideway at the oversold area, so this is a chance to buy it - We are now holding temporary covered short positions at (4) 0.68793 and (2) 0.69173 and (5) 0.69194 and (3) 0.69463 and (1) 0.69975.

NZDJPY (Jan) - The monthly MACD seems unable to go higher from the zero line and STOC is heading down from the overbought area, therefore it's a chance to sell it - We are now holding covered short positions at (1) 79.751 and (5) 78.631 and (2) 79.824 and (3) 79.567 and (6) 80.015.

NZDUSD (Jan) - Monthly MACD is going sideway right under the zero line after making a cross and STOC is already turning up from the oversold area, so it's a chance to buy this pair - We are now holding temporary covered short positions at (1) 0.70408 and (4) 0.70748 and (5) 0.70922 and (2) 0.70245 and (6) 0.70438 and (3) 0.70683.

USDCAD (Jan) - The monthly MACD is already passing the zero line and STOC is turning back to the oversold level, so this is the time to wait and go according to market opportunity - We are now holding long positions at (4) 1. 26970 and (1) 1.23860 and (5) 1.26457 and (2) 1.26374 and (3) 1.25879 and (6) 1.25669.

USDNOK (Jan) - Monthly MACD has been going sideway right above the zero line from October last year and STOC is slowing down, unable to pass the mid level after a crosss, so it is a chance to enter according to minor market direction - We are now holding long positions at (4) 8.12745 and (1) 8.11717 and (5) 8.07399.

(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.