Market Watch

Yesterday: 39 pips

EURNOK (Apr) – Monthly MACD is still 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 – Yesterday 4/2 we closed some of our positions at break even level. We are now holding covered short positions at (1) 9.47881 and (5) 9.50108.

NZDJPY (Apr) – The monthly MACD is slowly turning down from the zero line and STOC is already in the oversold level, so it’s a chance to turn and buy it – Yesterday 4/2 we closed some of our positions and took a profit of 39 pips. We are now holding long positions at (1) 78.451 and (2) 76.333 and temporary short positions at (5) 75.773.

(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.