Market Watch

Last week: 359 pips
This week: 973 pips
This month: 1430 pips

AUDCAD (Feb) – Its monthly MACD is touching the zero line and STOC already made a cross above the oversold area, this is still a chance to sell it a bit more – On 2/2 we closed some of our positions and took a profit of 133 pips. We are now holding short positions at (4) 0.98782 and (1) 0.99009 and (5) 0.99221 and (2) 0.99355 and (6) 0.99680.

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 and (1) 0.74137 and (5) 0.73966.

AUDJPY (Feb) – The monthly MACD has the tendency to turn back to the zero line and STOC is coming down after making a cross at the overbought level, so this is a chance to sell it – Yesterday 2/5 we closed all our short positions and took a profit of 606 pips. We are now waiting for another chance to get back in.

AUDNZD (Feb) – Its monthly MACD continue to linger above 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 temporary long positions at (4) 1.08497.

CADCHF (Feb) – Monthly MACD is slowing down from the zero line and STOC is going down from the overbought area after a cross, so it’s is a chance to sell this pair – We are now holding temporary long positions at (4) 0.75775 and (1) 0.75406 and (5) 0.75301 and (2) 0.74868 and (3) 0.74425.

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 and (6) 118.370.

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 covered short positions at (4) 1.52632 and (1) 1.53551 and (5) 1.52966 and (2) 1.53405 and (6) 1.55226.

GBPCHF (Feb) – Monthly MACD is slowing down on the under side and STOC already made a cross downward right at the overbought level, so it’s a chance to sell this pair – Yesterday 2/5 we closed some our short positions and took a profit of 17 pips. We are still holding covered short positions at (4) 1.29170 and (5) 1.29549.

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 – Yesterday 2/5 we closed some our short positions and took a profit of 275 pips. 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.

NZDCAD (Feb) – Monthly MACD is slowing down after passing the zero line and STOC is already out of the oversold area after a crossover, so this is a chance to buy it – On 2/2 we closed some our short positions and took a profit of 59 pips. We are now holding temporary short positions at (1) 0.88870 and (4) 0.88966 and (2) 0.90634 and (3) 0.90890 and (5) 0.90420.

NZDCHF (Feb) – The monthly MACD continues lingering right under the zero line while STOC is making a crossover at the oversold level, so this is a chance to buy it – We are now holding long positions at (4) 0.68268 and (1) 0.68058.

NZDJPY (Feb) – The monthly MACD seems unable to go higher from the zero line and STOC is going side way near the middle line, therefore it’s a chance to sell it – Yesterday 2/5 we closed some our short positions and took a profit of 74 pips. We are now holding covered short positions at (5) 78.631 and (2) 79.824 and (3) 79.567 and (6) 80.015.

USDJPY (Feb) – Monthly MACD continues to go sideway at the zero line and STOC is going down after a cross, so it is a chance to sell this pair – On 2/2 we closed all our positions and took a profit of 167 pips. We are now waiting for another chance to get back in.

(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.