Market Watch

Yesterday: 143 pips
This week: 143 pips
This month: 2902 pips

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 – We are now holding covered short positions at (1) 1.13232 and (5) 1.13102 and (2) 1.14093 and (6) 1.14117 and (3) 1.14543 and (1) 1.18795 and long positions at (4) 1.18934.

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 – Yesterday 5/20 we closed some of our positions and took a profit of 143 pips. We are now holding short positions at (5) 1.66761 and (1) 1.66139.

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) 7.97364 and (3) 7.89594 and (2) 8.09203 and (6) 8.14034.

(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.