Market Watch
Yesterday: 98 pips
This week: 98 pips
This month: 98 pips
AUDCHF (Feb) - Monthly MACD has the tendency to go down from the zero line and STOC already made a cross downward, so it is a chance to sell this pair - We are now holding temporary long positions at (4) 0.74459.
CHFJPY (Feb) - Monthly MACD is trying to go higher up from the zero line and STOC is turning back into the overbought area after making a cross upward, 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) 116.099 and (5) 117.296 and (2) 117.544.
EURCAD (Feb) - Monthly MACD is up high on the upper side and STOC is going to make a cross downward from inside 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 and (5) 1.52966 and (2) 1.53405.
GBPAUD (Feb) - Monthly MACD is still unable to reach the zero line and STOC is going to make a cross downward from 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) 1.78011.
GBPJPY (Feb) - The monthly MACD is almost touching the zero line and STOC is going to make a cross downward from 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) 155.332.
NZDCHF (Feb) - The monthly MACD is lingering right under the zero line while STOC is making a cross at the oversold area, so this is a chance to buy it - Yesterday 2/1 we closed all of our positions and took a profit of 98 pips. We are now waiting for another chance to get back in.
USDNOK (Feb) - Monthly MACD is already passing down the zero line and STOC is turning back down into the oversold area, so it is a chance to buy it - We are now holding long positions at (4) 8.00544 and (1) 8.11717 and (5) 7.86275 and (6) 8.01280 and (2) 7.95001 and (3) 7.84694.
(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.