Market Watch
Yesterday: 431 pips
This week: 1104 pips
Month of April: 4783 pips
AUDCAD (May) – Monthly MACD continues its downward path under the zero line and STOC is touching the oversold level, so this is still a chance to buy it – We are now holding covered long positions at (1) 0.98582 and (5) 0.98265 and (4) 0.97589 and (2) 0.97398 and (6) 0.96681.
AUDUSD (May) – Monthly MACD already made a cross downward at the zero line and STOC is on a downward path to the overbought area, so it’s a chance to sell this pair – We are now holding temporary long positions at (1) 0.76752 and (5) 0.76376 and (2) 0.75889 and (6) 0.75418.
CADCHF (May) – Monthly MACD is almost touching the zero line and STOC is making a cross upward from the mid level, so it’s is still a chance to sell this pair a little more – We are now holding covered short positions at (5) 0.72673 and (2) 0.75390 and (4) 0.75282 and (1) 0.75881 and (3) 0.76225.
EURCAD (May) – Monthly MACD is going sideway up high on the upper side and STOC is going down after making a cross downward inside the overbought area, so it’s a chance to sell this pair – Yesterday 4/30 we closed some of our positions and took a profit of 170 pips. We are now holding covered short positions at (4) 1.55404 and (5) 1.54344 and (2) 1.54879 and (1) 1.55085.
GBPCAD (May) – The monthly MACD is going sideway right under the zero line and STOC is making a cross downward at the overbought level, so this is still a chance to sell it – Yesterday 4/30 we closed some of our positions and took a profit of 63 pips. We are now holding covered short positions at (1) 1.67467 and (4) 1.66698 and (5) 1.70065 and (2) 1.75012 and (3) 0.75768.
GBPNZD (May) – The monthly MACD is almost touching the zero line and STOC is turning up after a cross right at overbought level , so this is a chance to sell it – Yesterday 4/30 we closed some of our positions and took a profit of 137 pips. We are now holding covered short positions at (1) 1.83716 and (4) 1.83649 and (5) 1.84810 and (2) 1.95656.
NZDCAD (May) – Monthly MACD is lingering at the zero line and STOC is going to make a cross downward under mid level, so this is a chance to buy it – Yesterday 4/30 we closed some of our positions and took a profit of 43 pips. We are now holding temporary covered short positions at (1) 0.90480 and long positions at (6) 0.92192 and (2) 0.92177 and (5) 0.91424.
NZDJPY (May) – 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 buy it – We are now holding temporary short positions at (5) 75.773 and long positions at (3) 78.582 and (1) 77.975 and (2) 77.323 and (6) 76.902.
NZDUSD (May) – Monthly MACD is going side way at the zero line and STOC is going down after a cross at mid level, so it’s a chance to buy this pair – We are now holding temporary long positions at (6) 0.71256 and (2) 0.70674 and (1) 0.70380.
USDNOK (May) – Monthly MACD is going sideway at the zero line and STOC already made a cross upward out from the oversold area, so it is a chance to buy it – Yesterday 4/30 we closed some of our positions and took a profit of 18 pips. We are now holding temporary covered short positions at (5) 7.79139 and (1) 7.87389 and (3) 7.89594 and (4) 8.01527.
(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.