Market Watch

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 – 5/4 75 pips. We are now holding covered long positions at (1) 0.98582 and (5) 0.97315 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 – 5/3 77/51 pips. 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) 0.75148.

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) 0.75411 and (2) 0.75889 and (6) 0.75418.

EURGBP (May) – The monthly MACD is on a downward path from the upper side and STOC is going sideway at the mid level, so this is a chance to sell it – 5/8 43 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.87569.

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 and (3) 1.29609.

(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.