Market Watch

Last week: 22 pips
This month: 3727 pips

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 and (2) 83.694.

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 and (3) 1.06574.

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 – Lat week on 2/21 we closed some of our positions and took a profit of 22 pips. We are still holding covered short positions at (3) 112.913.

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 – We are now holding temporary long positions at (1) 77.847.

(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.