Market Watch
Yesterday: 198 pip
Month of February: 3925 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 and (6) 83.186.
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 – Yesterday 2/28 we closed some of our positions and took a profit of 76 pips. We are now holding covered short positions at (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 – 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 and (3) 83.248.
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 2/28 we closed all short positions at break even level. We are now holding long positions at (4) 114.175 and (1) 113.081 and (5) 112 794.
GBPJPY (Feb) – The monthly MACD is almost touching the zero line and STOC is going to make a cross downward from the overbought area, so it is a chance to sell this pair – We are still holding long positions at (4) 159.801 and (5) 147.560 and covered short positions at (1) 144.725 and (6) 139.545 and (3) 139.456 and (2) 139.652.
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 and (2) 77.122.
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 and (5) 1.28087.
USDCHF (March) – Monthly MACD is well under the zero line and STOC is slowing down right at the oversold area, so it’s still a chance to buy this pair – Yesterday 2/28 we closed some of our positions and took a profit of 122 pips. We are still holding long positions at (4) 0.95910 and (1) 0.94542.
(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.