Market Watch
This month: 1904 pips
AUDJPY (Apr) – The monthly MACD is on a downward path after a cross at the zero line and STOC is entering into the overbought level, so this is still a chance to sell it a bit more – 4/10 82/24 pips. We are now holding temporary long positions at (4) 91.388 and (3) 84.203 and short positions at (5) 81.450 and (1) 82.143 and (2) 83.162 and (6) 83.691.
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 – 4/13 58/58 pips. We are now holding temporary long positions at (1) 1.07621 and (4) 0.7296.
AUDUSD (Apr) – Monthly MACD is going to make a cross at the zero line and STOC is already on a downward path to the overbought area, so it’s a chance to sell this pair – We are now holding covered short positions at (5) 0.76629 and (2) 0.77600 and (3) 0.77603 and (6) 0.77621 and (1) 0.77836.
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 – We are now holding covered short positions at (1) 9.47881 and (5) 9.50108 and long positions at (4) 9.95100.
NZDCHF (Apr) – The monthly MACD is slowing down near 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 covered short positions at (1) 0.69542 and (5) 0.69234 and (2) 0.68958 and (4) 0.79379 and (3) 0.70493 and (6) 0.70959.
USDJPY (Apr) – Monthly MACD is lingering right under the zero line after making a cross downward and STOC is going sideway in the oversold level, so it is a chance to buy this pair – We are now holding temporary short positions at (5) 104.872 and (2) 106.735 and (4) 107.556.
(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.