Market Watch

Yesterday: 316 pips
This week: 1703 pips
This month: 4462 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 – Yesterday 5/24 we closed some positions and took a profit of 153 pips. We are now holding covered long positions at (1) 0.98582 and (5) 0.97315.

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 – Yesterday 5/23 we closed some positions and took a profit of 47 pips. We are now holding covered short positions at (5) 0.72673 and (2) 0.75390 and (4) 0.76396 and (1) 0.76810.

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 5/24 we closed some of our positions and took a profit of 74 pips. We are now holding long positions at (5) 1.51005 and (4) 1.51331.

USDJPY (May) – Monthly MACD is lingering right under the zero line after making a cross downward and STOC just made a crossover near the mid level, so it is still a chance to buy this pair – Yesterday 5/24 we closed some of our positions and took a profit of 42 pips. We are now holding temporary short positions at (5) 106.654 and (2) 106.735 and (1) 107.339 and (3) 108.761 and (6) 109.535.

(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.