Market Watch
Yesterday: 283 pips
This week: 349 pips
This month: 2523 pips
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 – Yesterday 5/16 we closed some of our positions and took a profit of 49 pips. We are now holding temporary long positions at (3) 84.203 and (2) 82.613 and short positions at (5) 81.450.
CADJPY (May) – Monthly MACD already made a cross downward and STOC is turning back to the mid level, so it’s a chance to buy it – We are now holding short positions at (5) 83.817 and (3) 83.999 and (4) 85.033 and (1) 86.361.
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 5/16 we closed some of our positions and took a profit of 124 pips. We are now holding long positions at (5) 1.51005.
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 – Yesterday 5/16 we closed some of our positions and took a profit of 36 pips. We are now holding covered short positions at (5) 0.82695 and (4) 0.87196.
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 5/16 we closed some of our positions and took a profit of 39 (390) pips. We are now holding covered short positions at (5) 9.50108.
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 5/16 we closed some of our positions and took a profit of 35 (345) pips. We are now holding temporary covered short positions at (5) 7.79139 and (1) 7.97364 and (3) 7.89594 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.