Market Watch

Last Friday: 160 pips
This month: 1089 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 – Last Friday 5/4 we closed some of our positions and took a profit of 75 pips. 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.

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) 0.76396 and (1) 0.76810 and (3) 0.76225.

GBPAUD (May) – Monthly MACD is slowing down right under the zero line and STOC is still high in the oversold area, so this is a chance to sell it – Last Friday 5/4 we closed some of our positions and took a profit of 85 pips. We are now holding short positions at (5) 1.66761 and (1) 1.66139 and (4) 1.80014.

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 – 5/1 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 and (4) 0.90322.

(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.