Market Watch
Yesterday: 682 pips
This week: 682 pips
This month: 4116 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 we closed some of our positions and took a profit of 108 pips. We are now holding covered short positions at (4) 0.73448 and (5) 0.73702 and temporary long positions at (1) 0.74787.
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 – Yesterday we closed some of our positions and took a profit of 275 pips. We are now holding temporary long positions at (4) 91.388 and (2) 83.091 and (3) 84.203 and short positions at (5) 81.450 and (1) 81.464.
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 we closed some of our positions and took a profit of 31 pips. We are now holding short positions at (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 – Yesterday we closed some of our positions and took a profit of 70 pips. We are now holding covered short positions at (5) 0.77125 and temporary long positions at (1) 0.78856.
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 – Yesterday we closed some of our positions and took a profit of 65 pips. We are now holding temporary long positions at (4) 111.653 and (1) 113.081 and (2) 111.678 and short positions at (5) 110.937.
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 – Yesterday we closed some of our positions and took a profit of 28 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.88166 and long positions at (1) 0.88718.
GBPAUD (Mar) – Monthly MACD is reach up to the zero line and STOC is high in the oversold area, so this is a chance to sell it – We are now holding short positions at (5) 1.66761 and (1) 1.66139 and (4) 1.80889.
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 – Yesterday we closed some of our positions and took a profit of 175 pips. We are now holding temporary long positions at (1) 78.451 and short positions at (2) 76.191 and (5) 76.206.
(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.