Market Watch

Yesterday and Today: 1650 pips
This week: 2623 pips
This month: 2982 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 2/8 we closed some of our positions and took a profit of 246 pips. We are holding short positions at (4) 0.98782 and (1) 0.99009.

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 and (3) 0.73001.

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 – We are now holding long positions at (1) 85.562 and (4) 91.388 and (5) 84.605.

AUDUSD (Feb) – Monthly MACD is slowing down right at the zero line and STOC is turning back to the overbought area, so it’s a chance to sell this pair – On 2/8 we closed some of our positions and took a profit of 134 pips. We are holding covered short positions at (1) 0.78098 and (5) 0.77032 and (2) 0.77843 and (3) 0.78343.

CADJPY (Feb) – The monthly MACD is going sideway at the zero line and STOC is going down from the overbought area after making a cross, so it’s the chance to sell it – On 2/8 we closed some of our positions and took a profit of 24 pips. We are holding covered short positions at (2) 85.406 and (6) 85.694 and temporary long positions at (4) 86.389.

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 – On 2/8 we closed some of our positions and took a profit of 364 pips. We are still holding covered short positions at (3) 112.913 and (1) 113.350 and (4) 116.099 and (5) 117.296.

GBPCAD (Feb) – The monthly MACD is still trying to reach up to the zero line and STOC is going sideway right under the overbought area, so this is still a chance to sell it – We are now holding covered short positions at (1) 1.67467 and (4) 1.66698 and (5) 1.70065.

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 – Today we closed some of our positions and took a profit of 64 pips. We are still holding covered short positions at (5) 1.29170.

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 and (5) 0.67598.

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 – On 2/8 we closed some of our positions and took a profit of 308 pips. We are still holding covered short positions at (3) 79.567.

USDCAD (Feb) – The monthly MACD is going side way after passing the zero line and STOC is turning back to the oversold level after a cross, so this is a chance to buy up – On 2/8 we closed some of our positions and took a profit of 289 and today 2/9 we took a profit of 78 pips. We are still holding long positions at (4) 1.26970.

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 – On 2/8 we closed some of our positions and took a profit of 58 (579) and today 2/9 we took a profit of 85 (854) pips. We are still holding long positions at (4) 8.00544 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.