Market Watch
Yesterday: 330 pips
This week: 502 pips
This month: 3514 pips
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 and (6) 0.74114.
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 – Yesterday 2/13 we closed some of our positions and took a profit of 30 pips. We are now holding temporary long positions at (4) 86.389 and (1) 85.916 and (5) 85.390.
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 – Yesterday 2/13 we closed some of our positions and took a profit of 300 pips. We are still holding covered short positions at (3) 112.913 and (1) 113.350.
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) 1.54344 and (2) 1.53405 and (6) 1.55226.
EURGBP (Feb) – 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 – We are now holding covered short positions at (5) 0.82695 and (4) 0.88799 and (1) 0.89035.
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 and (2) 1.75012.
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 – We are now waiting for another chance to get back in.
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 – We are now holding temporary long positions at (4) 108.507 and (1) 107.567.
(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.