Market Watch
Yesterday: 264 pips
This week: 264 pips
This month: 5315 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 – We are now holding covered short positions at (4) 0.72994 and (5) 0.73152 and temporary long positions at (1) 0.74787 and (2) 0.73152.
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 3/26 we closed some of our positions and took a profit of 74 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.
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 3/26 we closed some of our positions and took a profit of 62 pips. We are now holding short positions at (5) 1.05918 and temporary long positions at (1) 1.07621.
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 (3) 0.74425 and (6) 0.74114 and short positions at (5) 0.72673 and (2) 0.73598.
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 – We are now holding covered short positions at (1) 9.47881 and (5) 9.50108 and (2) 9.56193 and temporary long positions at (3) 9.70252 and (4) 9.58328.
GBPJPY (Mar) – The monthly MACD has been going side way under the zero line and STOC is going down from the overbought area, so it is a chance to sell this pair – Yesterday 3/26 we closed some of our positions and took a profit of 95 pips. We are still holding long positions at (4) 159.801 and covered short positions at (1) 144.725 and (6) 139.545 and (3) 139.456 and (2) 139.652.
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) 0.68315 and (5) 0.68283 and (2) 0.68958 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 – We are now holding temporary long positions at (1) 78.451 and short positions at (5) 75.773 and (2) 76.673.
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 – Yesterday 3/26 we closed some of our positions and took a profit of 33 pips. We are now holding temporary covered short positions at (4) 1.26637 and (1) 1.28606 and (2) 1.28380 and long positions at (5) 1.28908.
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. We are now holding temporary long positions at (4) 0.95322 and (1) 0.95617 and short positions (5) 0.94404 and (2) 0.94702.
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 – We are now holding long positions at (4) 8.00544 and (6) 8.01280 and (2) 7.95001 and (1) 7.71183 and temporary short positions at (5) 7.67348.
(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.