Market Watch
Yesterday: 409 pips
This week: 1562
This month: 2870 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 – On 3/14 we closed some of our positions and took a profit of 36 pips. We are now holding covered short positions at (4) 0.74201 and (5) 0.74149 and temporary long positions at (1) 0.74787.
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 3/14 we closed some of our positions and took a profit of 75/59 pips. We are now holding temporary long positions at (4) 114.175 and (1) 113.081 and short positions at (5) 112.233.
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 3/14 we closed some of our positions and took a profit of 31 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.88457 and long positions at (1) 0.88718.
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.
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 – We are now holding temporary short positions at (1) 0.68681 and (5) 0.68844 and long positions at (4) 0.69127.
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 3/14 we closed some of our positions and took a profit of 81 pips. We are now holding temporary long positions at (1) 78.451 and short positions at (2) 77.091 and (5) 77.493.
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 3/14 we closed some of our positions and took a profit of 35 pips. We are now holding temporary long positions at (4) 0.95910 and (1) 0.94229 and short positions (5) 0.94404.
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 – On 3/14 we closed some of our positions and took a profit of 92 pips. We are now holding covered long positions at (4) 107.298 and (1) 107.567 and temporary short positions at (5) 105.962.
(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.