Market Watch

Yesterday: 88 pips
This week: 190
This month: 3793 pips

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 and (1) 1.07129 and (5) 1.06860.

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 – Yesterday 2/20 we closed some of our positions and took a profit of 88 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.88799.

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 and (3) 0.75768 and (6) 1.77149.

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 – We are now holding temporary covered short positions at (1) 0.90480 and (4) 0.90828 and (2) 0.90634 and (3) 0.90890 and (5) 0.91723 and (6) 0.92516

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 holding temporary short positions at (4) 1.26637.

(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.