Market Watch
Yesterday: 223 pips
This week: 1275 pips
This month: 1275 pis
AUDCAD (Apr) – Monthly MACD continues its downward path to the zero line and STOC is slowing down under mid level, so this is still a chance to sell it – Yesterday 4/5 we closed some of our positions and took a profit of 30 pips. We are now holding temporary long positions at (1) 0.99922 and (5) 0.98265
AUDCHF (Apr) – Monthly MACD is making a cross downward right under the zero line and STOC is reaching down almost to the oversold area, so it is a chance to sell this pair – Yesterday 4/5 we closed some of our positions and took a profit of 49 pips. We are now holding covered short positions at (4) 0.72994 and (5) 0.72750 and temporary long positions at (1) 0.74787.
AUDNZD (Apr) – Its monthly MACD already made a cross downward right under the zero line and STOC is reaching down almost to the overbought level, so this is still a chance to sell it a bit more – Yesterday 4/5 we closed some of our positions and took a profit of 42 pips. We are now holding temporary long positions at (1) 1.07621.
CHFJPY (Apr) – Monthly MACD already made a cross downward at the zero line and STOC is reaching down to the overbought level, so this is a chance to sell this pair – 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 and (2) 111.481.
EURGBP (Apr) – The monthly MACD is on a downward path after a cross on the upper side and STOC is going under the mid level, so this is a chance to sell it – Yesterday 4/5 we closed some of our positions and took a profit of 26 pips. We are now holding covered short positions at (5) 0.82695 and temporary long positions at (1) 0.88109.
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 4/5 we closed some of our positions and took a profit of 41 pips. We are now holding long positions at (1) 78.451 and temporary short positions at (5) 75.773.
USDCAD (Apr) – 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 it up – Yesterday 4/5 we closed some of our positions and took a profit of 35 pips. We are now holding long positions at (5) 1.28908 and (1) 1.27623.
(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.