Market Watch
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 and (3) 83.527.
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 – We are now holding temporary long positions at (4) 86.389 and (1) 85.916 and (5) 85.390 and (2) 84.534 and (6) 83.904.
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 and (5) 77.520.
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 and (1) 1.27580.
(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.