Market Watch
Yesterday: 282 pips
This month: 282 pips
(Our daily post is for pairs that we entered or added more positions during the previous market day and for pairs that we closed for a profit. Pairs that are unchanged or inactive are not posted)
CHFJPY (Aug) – Monthly MACD continues to go sideway under the zero line and STOC is slow down under mid level, so this is a chance to buy this pair – Yesterday 8/2 we closed some of our positions and took a profit of 89 pips. We are now holding long positions at (4) 112.958 and (2) 112.145 and temporary short positions at (5) 110.622 and (1) 111.542 and (6) 112.105.
EURCAD (Aug) – Monthly MACD is on its way downward after a cross on the upper side and STOC is already passing the mid level, so it’s a chance to sell this pair – Yesterday 8/2 we closed some of our positions and took a profit of 54 pips. We are now holding short positions at (4) 1.50996 and temporary long positions at (5) 1.54177 and (2) 1.52167 and (1) 1.51034.
GBPCAD (Aug) – The monthly MACD is going sideway right under the zero line and STOC is on the way to the mid level, so this is still a chance to sell it – Yesterday 8/2 we closed some of our positions and took a profit of 56 pips. We are now holding covered short positions at (1) 1.67467 and (4) 1.66698 and temporary long positions at (5) 1.69709.
NZDCAD (Aug) – Monthly MACD is leaving down from the zero line and STOC is already in the oversold level, so this is a chance to buy it – We are now holding long positions at (2) 0.91676 and (4) 0.90231 and (1) 0.90349 and (3) 0.89577 and (5) 0.87890.
NZDJPY (Aug) – The monthly MACD is going down from the zero line and STOC is deep in the oversold level, so it’s a chance to buy it – Yesterday 8/2 we closed some of our positions and took a profit of 83 pips. We are now holding covered long positions at (1) 76.376 and (2) 75.266 and temporary short positions at (5) 76.190.
USDCAD (Aug) – The monthly MACD seems unable to go higher above the zero line and STOC is reaching up to the overbought level, so this is a chance to sell it – Yesterday 8/1 we closed some of our positions and took a profit of 13 pips. We are now holding short positions at (4) 1.30255 and (1) 1.30168 and (5) 1.29840 and (2) 1.30209 and temporary long positions at (1) 1.30096.
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.