Market Watch

Market Watch
Tuesday, January 16, 2018

Yesterday: 207 pips.
This week: 207 pips
This month: 2031

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 - We are now holding positions at (4) 1.08832 and (1) 1.08628.

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) 0.78098 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 - Yesterday 1/15 we closed some of our positions and took a profit of 55 pips. We are now holding covered short positions at (1) 0.76010 and (6) 0.75012 and (5) 0.76329 and (2) 0.77848.

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 - We are now holding short positions at (4) 1.50875 and (1) 1.52374.

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) 1.20598.

GBPUSD (Jan) - Monthly MACS is trying to reach higher to the zero line and STOC is already high in the overbought area, so it's a chance to sell this pair - We are now holding covered short positions at (1) 1.28386 and (2) 1.27961 and (3) 1.29396 and (6) 1.31014 and (5) 1.38036.

NZDCAD (Jan) - Monthly MACD is slowing down after passing the zero line and STOC is trying to make a cross over out of the oversold area, so this is a chance to buy it - We are now holding temporary short positions at (1) 0.88870 and (4) 0.88966 and (2) 0.90634 and (3) 0.90890.

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) 0.69615 and (2) 0.69983 and (5) 0.70593 and (3) 0.69463 and (1) 0.69975.

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) 0.71433 and (3) 0.70683.

USDCHF (Jan) - Monthly MACD is holdinng up right above the zero line and STOC is turning down to the oversold area, so it's still a chance to sell this pair for a bit more - Yesterday 1/15 we closed all of our positions and took a profit of 40 pips. We are now waiting for another chance to get back in.

USDJPY (Jan) - Monthly MACD seems unable to go higher from the zero line and continue to go sideway from February 2017 and STOC is starting to go down after a cross, so it is a chance to sell this pair - Yesterday 1/15 we closed all of our positions and took a profit of 112 pips. We are now waiting for another chance to get back in.

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) 8.00544 and (1) 8.11717 and (5) 8.07399 and (6) 8.01280 and (2) 7.95001.

(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.