Market Watch

Last Friday: 385 pips
This week: 1006 pips
This month: 2314 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 covered short positions at (4) 0.99899 and (1) 0.99009 and (5) 1.00630.

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 – On 3/12 we closed some of our positions and took a profit of 17 pips and on 3/13 we took a profit of 32 pips. We are now holding short positions at (4) 0.73763 and (5) 0.74149 and (6) 0.74343 and temporary long positions at (1) 0.74409.

AUDJPY (Mar) – The monthly MACD is making a cross downward at the zero line and STOC is going down to the overbought level, so this is a chance to sell it – On 3/9 we closed some of our positions and took a profit of 76 pips and on 3/13 we took a profit of 99 pips. We are now holding temporary long positions at (1) 85.562 and (4) 91.388 and (2) 84.394 and (3) 84.203 and short positions at (5) 83.681 and (6) 83.855.

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 – On 3/12 we closed some of our positions and took a profit of 66 pips. We are now holding short positions at (3) 1.07144 and (5) 1.07263 and temporary long positions at (1) 1.07621.

AUDUSD (Mar) – Monthly MACD is going to make a cross downward at the zero line and STOC is slowing down right under the overbought area, so it’s a chance to sell this pair – On 3/9 we closed some of our positions and took a profit of 49 pips and on 3/12 we took a profit 86 pips. We are now holding covered short positions at (3) 0.77782 and (5) 0.77848 and temporary long positions at (1) 0.78856.

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 – On 3/12 we closed some of our positions and took a profit of 35 pips and on 3/13 we took a profit 161 pips. We are now holding temporary covered long positions at (4) 0.74962 and (1) 0.74618 and (3) 0.74425 and (6) 0.74114 and short positions at (5) 0.73169 and (2) 0.73321.

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 – On 3/13 we closed some of our positions and took a profit of 78 pips. We are now holding temporary long positions at (4) 114.175 and (1) 113.081 and (5) 112 794 and short positions at (2) 113.113.

EURGBP (Mar) – The monthly MACD is still hovering high on the upper side and STOC is slowly up from the mid level after a cross, so this is a chance to sell it – On 3/9 we closed some of our positions and took a profit of 68 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.88799 and long positions at (1) 0.88718.

EURNOK (Mar) – Monthly MACD is going sideway on the upper side and STOC is slowing down after coming out from the overbought area, so it is a chance to sell this pair – On 3/12 we closed some of our positions and took a profit of 49 pips. We are now holding covered short positions at (1) 9.48376 and (5) 9.51554 and (6) 9.49265 and (2) 9.56193 and temporary long positions at (3) 9.70252.

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 – On 3/9 we closed some of our positions and took a profit of 38 pips and on 3/12 we took a profit of 22 pips. We are now holding short positions at (4) 1.31119 and (5) 1.31678.

GBPJPY (Mar) – 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 – On 3/9 we closed some of our positions and took a profit of 45 pips and on 3/13 we took a profit of 113 pips. We are still holding long positions at (4) 159.801 and (5) 149.276 and covered short positions at (1) 144.725 and (6) 139.545 and (3) 139.456 and (2) 139.652.

NZDJPY (Mar) – The monthly MACD is slowly turning down from the zero line and STOC is reaching to the oversold level, therefore it’s still a chance to sell it a bit more – On 3/13 we closed some of our positions and took a profit of 57 pips. We are now holding temporary long positions at (1) 78.451 and short positions at (2) 77.091 and (5) 77.493 and (3) 78.188.

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 – On 3/9 we closed some of our positions and took a profit of 38 pips and on 3/13 we took a profit of 69 pips. 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 long positions at (3) 1.29179.

USDCHF (Mar) – Monthly MACD is going down under the zero line and STOC is going sideway at the oversold level, so it’s still a chance to sell this pair for a bit more – On 3/13 we closed some of our positions and took a profit of 69 pips. We are now holding temporary long positions at (4) 0.95910 and (1) 0.94229 and short positions (5) 0.94780 and (6) 0.94478.

USDNOK (Mar) – Monthly MACD is already passing down the zero line and STOC is going into the oversold area, so it is a chance to buy it – On 3/9 we closed some of our positions and took a profit of 71 (711) pips and on 3/12 we took a profit of 53 (529) pips. We are now holding long positions at (4) 8.00544 and (6) 8.01280 and (2) 7.95001.

(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.