Market Watch
Yesterday: 439 pips
This week: 439 pips
This month: 1528 pips
AUDCAD (May) – Monthly MACD continues its downward path under the zero line and STOC is going sideway under mid level, so this is still a chance to sell it – We are now holding temporary covered long positions at (1) 0.98582 and (5) 0.97315 and (4) 0.96839 and (2) 0.96614 and (6) 0.96681 and (3) 0.96205.
AUDNZD (May) – Monthly MACD already made a cross downward right at the zero line and STOC is reaching down almost to the overbought level, so this is still a chance to sell it a bit more – Yesterday 5/9 we closed some of our positions and took a profit of 60 pips. We are now holding temporary long positions at (1) 1.07621 and (4) 0.7296 and short positions at (5) 1.05747 and (2) 1.06238 and (3) 1.05944 and (6) 1.06287.
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) 0.77239.
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 5/9 we closed some of our positions and took a profit of 173 pips. We are now holding covered short positions at (5) 1.52283.
EURNOK (May) – Monthly MACD is almost making a cross downward on the upper side and STOC has been leaving out of the overbought area for 3 months, so it is a chance to sell this pair – Yesterday 5/9 we closed some of our positions and took a profit of 36 (363) pips. We are now holding covered short positions at (1) 9.47881 and (5) 9.50108.
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 – We are now holding long positions at (6) 0.92192 and (2) 0.92177 and (5) 0.91424 and (4) 0.90322 and (1) 0.89999.
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) 0.70311 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 – Yesterday 5/9 we closed some of our positions and took a profit of 170 pips. We are now holding short positions at (5) 1.27521 and (1) 1.28178 and (5) 1.28464 and (2) 1.28388 and (3) 1.28422.
USDCHF (May) – Monthly MACD already made a crossover right under the zero line and STOC is on the way reaching to the oversold level, so it’s a chance to buy it – We are now holding temporary short positions (5) 0.96106 and (2) 0.97187 and (4) 0.97177 and (1) 0.96455 and (3) 0.98765 and (6) 0.97485.
USDJPY (May) – Monthly MACD is lingering right under the zero line after making a cross downward and STOC made a crossover under mid level, so it is a chance to buy this pair – We are now holding temporary short positions at (5) 106.654 and (2) 106.735 and (1) 107.339 and (4) 108.428 and (3) 108.761.
(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.