Market Watch
Last Friday: 343 pips
This month: 3679 pips
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 – Last Friday 4/20 we closed some of our positions and took a profit of 137 pips. We are now holding temporary long positions at (1) 0.76752,
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 – Last Friday 4/20 we closed some of our positions and took a profit of 60 pips. 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.
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 – Last Friday 4/20 we closed some of our positions and took a profit of 57 pips. We are now holding temporary short positions at (5) 75.773 and long positions at (3) 78.582 and (1) 0.77975.
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 – Last Friday 4/20 we closed some of our positions and took a profit of 45 pips. We are now holding long covered positions at (1) 1.27623.
USDCHF (Apr) – Monthly MACD is going sideway under the zero line and STOC already made a crossover out of the oversold level, so it’s a chance to buy it – We are now holding short positions (5) 0.94404 and (2) 0.94702 and (4) 0.95431 and (1) 0.96455 and 0.97155 and (6) 0.97485.
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 – Last Friday 4/20 we closed some of our positions and took a profit of 44 pips. We are now holding temporary short positions at (5) 104.872 and (2) 106.735 and (1) 107.339.
(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.