Market Watch
Yesterday: 561 pips
This week: 561 pips
This month: 591 pips
AUDCHF (Mar) – Monthly MACD is making a cross downward right under the zero line and STOC is going down to the oversold area, so it is a chance to sell this pair – Yesterday 3/7 we closed some of our positions and took a profit of 141 pips. We are now holding temporary long positions at (4) 0.74459 and (1) 0.74137 and (5) 0.73966.
AUDNZD (Mar) – Its monthly MACD is turning down to make a cross at the zero line and STOC is coming back down from the overbought level, so this is a chance to sell it – Yesterday 3/7 we closed some of our positions and took a profit of 114 pips. We are now holding temporary long positions at (4) 1.08497 and (5) 1.06860 and short positions at (1) 1.07419.
CHFJPY (Mar) – Monthly MACD is slowing down back to the zero line and STOC is going down after a cross at the overbought level, so this is a chance to sell this pair – We are now holding temporary long positions at (4) 114.175 and (1) 113.081 and (5) 112 794 and (2) 112.343.
GBPCHF (Mar) – Monthly MACD is slowing down on the under side and STOC is going down after making a cross at the overbought level, so it’s a chance to sell this pair – Yesterday 3/7 we closed some of our positions and took a profit of 195 pips. We are now holding short positions at (4) 1.31119 and temporary long positions at (1) 1.31205
GBPNZD (Mar) – The monthly MACD is reaching up to the zero line and STOC is turning down after a cross at the oversold level, so this is a chance to sell it – We are now holding covered short positions at (1) 1.83716 and (4) 1.83649 and (5) 1.84810 and temporary long posistions at (2) 1.90820.
NZDCHF (Mar) – The monthly MACD is slowing down under the zero line while STOC is making a crossover at the oversold level, so this is a chance to buy it – On 3/6 we closed some of our positions and took a profit of 62 pips. We are now holding long positions at (4) 0.68268 and temporary short positions at (1) 0.68681.
USDJPY (Mar) – Monthly MACD is slowly turning down from the zero line and STOC is already passing the oversold level, so it is a chance to buy this pair – Yesterday 3/7 we closed some of our positions and took a profit of 49 pips. We are now holding covered long positions at (4) 107.298 and (1) 107.567 and (5) 106.719.
(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.