Market Watch

Yesterday: 619 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 and (3) 0.96205.

AUDCHF (May) – Monthly MACD is touching the zero line and STOC is turning up again for a cross near mid level, so it is a chance to buy this pair – We are now holding covered short positions at (4) 0.73895 and (5) 0.73556 and (3) 0.74155 and (2) 0.74237 and long positions at (1) 0.74350 and (6) 0.74625.

AUDJPY (May) – The monthly MACD is on a downward path after a cross at the zero line and STOC is going sideway in the overbought level, so this is still a chance to buy it – We are now holding temporary long positions at (4) 91.388 and (3) 84.203 and (2) 82.613 and (1) 82.115 and short positions at (5) 81.450.

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.

CHFJPY (May) – Monthly MACD is lingering under the zero line after making a cross downward and STOC is almost touching the oversold level, so this is a chance to buy this pair – We are now holding long positions at (4) 111.653 and (1) 111.655 and (2) 111.126 and (3) 110.414 and (5) 110.348.

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 5/1 we closed some of our positions and took a profit of 243 pips. We are now holding covered short positions at (5) 1.54131.

EURUSD (May) – Monthly MACD is closing its gap for a cross above the zero line and STOC is still lingering in the overbought area after a cross downward, so it’s a chance to sell this pair – Yesterday 5/1 we closed some of our positions and took a profit of 28 pips. We are now holding covered short positions at (1) 1.13232 and (5) 1.13102 and (2) 1.14497 and (6) 1.14235 and (3) 1.14543 and (1) 1.18795 and long positions at (4) 1.20360.

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 5/1 we closed some of our positions and took a profit of 34 pips. We are now holding covered short positions at (1) 1.67467 and (4) 1.66698 and (5) 1.70065 and (2) 1.75012.

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 5/1 we closed some of our positions and took a profit of 138 pips. We are now holding covered short positions at (1) 1.83716 and (4) 1.83649 and (5) 1.84810.

GBPUSD (May) – Monthly MACS is slowing down right under the zero line and STOC is leaving the overbought area after a cross downward, so it’s a chance to sell this pair – Yesterday 5/1 we closed some of our positions and took a profit of 140 pips. We are now holding covered short positions at (1) 1.28386 and (2) 1.27961 and (3) 1.29396 and (6) 1.31014 and (5) 1.38036.

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 5/1 we closed some of our positions and took a profit of 36 pips. We are now holding temporary covered short positions at (1) 0.90015 and long positions at (6) 0.92192 and (2) 0.92177 and (5) 0.91424.

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 (4) 0.70585 and (1) 0.70380 and (5) 0.69952 and (3) 0.70059.

USDCAD (May) – The monthly MACD is slowing down right at the zero line and STOC is going sideway near mid level after a cross, so this is a chance to buy it up – We are now holding short positions at (5) 1.27521 and (1) 1.28178 and (5) 1.28464 and (2) 1.28991.

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 – We are now holding temporary covered short positions at (5) 7.79139 and (1) 7.87389 and (3) 7.89594 and (4) 8.01527 and (2) 8.09203.

(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.