Market Watch
Yesterday: 120 pips
This week: 202 pips
This month: 484 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)
AUDNZD (Aug) – Monthly MACD seems unable to go higher above the zero line and STOC is slowing down under the overbought level, so this is still a chance to sell it – We are now holding covered short positions at (5) 0.6887 and (2) 1.06238 and (4) 1.09654 and (3) 0.08840 and (1) 1.10025.
CADJPY (Aug) – Monthly MACD already made a cross downward right under the zero line and STOC is trying to reach the mid level, so it’s a chance to buy it – Yesterday 8/9 we closed some of our positions and took a profit of 67 pips. We are now holding long positions at (1) 85.644 and temporary short positions at (4) 82.812 and (5) 82.933 and (2) 83.988 and (6) 84.770.
EURGBP (Aug) – The monthly MACD continues going sideway on its downward path from the upper side and STOC is slowing down near the mid level, so this is still a chance to sell it – We are now holding covered short positions at (4) 0.87196 and (1) 0.88482 and (6) 0.89953.
GBPJPY (Aug) – The monthly MACD just made a cross downward under the zero line and STOC is nearly the oversold area, so it is a chance to sell this pair – We are now holding temporary long positions at (5) 146.412 and (1) 142.848.
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 and (6) 0.86752.
NZDCHF (Aug) – The monthly MACD is going down from the zero line and STOC is already in the oversold area, so this is a chance to buy it – We are now holding covered long positions at (5) 0.68473 and (2) 0.67778 and (1) 0.68523 and (3) 0.68070 and (6) 0.67405 and (4) 0.66066.
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 – We are now holding covered long positions at (1) 76.376 and (2) 75.266 and (5) 73.678.
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 8/9 we closed some of our positions and took a profit of 53 pips. We are now holding short positions at (4) 1.29690 and (1) 1.30168 and (5) 1.29840 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.