Market Watch

This month: 30 pips.

AUDCAD (Mar) – Its monthly MACD is turning up from the zero line and STOC is at the mid level, so this is still a chance to sell it – We are now holding short positions at (4) 0.98782 and (1) 0.99009 and (5) 1.00630.

CADCHF (Mar) – Monthly MACD already made a cross downward and STOC is reaching down to the overbought area, so it’s is still a chance to sell this pair a little more – We are now holding temporary covered long positions at (4) 0.74962 and (1) 0.74618 and (5) 0.74060 and (2) 0.73635 and (3) 0.74425 and (6) 0.74114.

CADJPY (Mar) – The monthly MACD is making a cross downward and STOC is going down to the oversold level, so it’s the chance to sell it – We are now holding temporary long positions at (4) 86.389 and (1) 83.964 and (5) 83.570 and (2) 84.534 and (6) 83.904 and (3) 83.248.

EURCAD (Mar) – Monthly MACD is up high on the upper side and STOC is still going high inside the overbought area, 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) 1.54879 and (3) 1.56376 and (6) 1.55226.

NZDCAD (Mar) – Monthly MACD is turning up from the zero line and STOC is at mid level, 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) 0.92199 and (3) 0.90890 and (5) 0.91723 and (6) 0.92516.

USDCAD (Mar) – The monthly MACD is going side way right at the zero line and STOC is lingering near the oversold level after a cross, so this is a chance to buy up – We are now holding temporary covered short positions at (4) 1.26637 and (1) 1.27580 and (5) 1.28087 and (2) 1.28380 and (3) 1.28846.

(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.