Market Watch
Yesterday: 128 pips
This week: 796 pips
This month: 5258 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 – We are now holding covered long positions at (1) 0.98582 and (5) 0.98160 and (2) 0.97579.
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 short positions at (5) 81.450 and long positions at (1) 82.875 and (2) 81.283.
GBPJPY (May) – The monthly MACD is slowing down right under the zero line and STOC is already out of the overbought area, so it is a chance to sell this pair – Yesterday 5/29 we closed some of our positions and took a profit of 67 pips. We are now holding temporary long positions at (5) 146.412.
NZDCHF (May) – The monthly MACD is lingering positively right under the zero line while STOC is reaching to the mid level, so this is a chance to buy it – Yesterday 5/29 we closed some of our positions and took a profit of 32 pips. We are now holding short positions at (4) 0.68536.
NZDJPY (May) – The monthly MACD is slowly turning down from the zero line and STOC is already in the oversold level, so it’s a chance to buy it – We are now holding long positions at (3) 77.563 and (1) 77.100 and (2) 76.528 and (6) 76.902 and (5) 76.039.
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 (4) 1.27521 and (1) 1.27569 and (5) 1.29833 and (2) 1.30257.
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 5/29 we closed some of our positions and took a profit of 29 pips. We are now holding temporary short positions at (5) 106.654 and (2) 106.735 and (3) 108.761 and (1) 108.577.
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 (6) 8.14034 and (4) 8.16325 and (2) 8.29719.
(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.