Market Watch

Profit: 527 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)

CADCHF (Mar) – Monthly MACD continues to go sideway right under the zero line and STOC is passing the mid level, so it’s still a chance to buy it. Today 3/4 we closed some of our positions and took a profit of 156 pips. We are now holding long positions at (2) 0.75689 and (3) 0.75694 and (5) 0.75189 and (4) 0.75064 and temporary short positions at (1) 0.75621 and (6) 0.75417.

CADJPY (Mar) – Monthly MACD continues to go sideway under the zero line for three straight months and STOC is almost touching the mid level, so it’s a chance to buy it – Today 3/4 we closed some of our positions and took a profit of 93 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.049 and (2) 84.685 and temporary short positions at (5) 83.820 and (4) 84.399 and (6) 83.777.

EURCAD (Mar) – Monthly MACD continues to go down to the zero line and STOC is entering the oversold area, it’s still a chance to sell this pair – Today 3/4 we closed some of our positions and took a profit of 51 pips. We are now holding short positions at (5) 1.49707 and (6) 1.51003 and (4) 1.50901 and temporary long positions at (1) 1.50543 and (2) 1.50822.

EURNOK (Mar) – Monthly MACD continues to hover above the zero line and STOC is touching the mid level, so it’s still a chance to sell this pair. We are now holding short positions at (5) 9.61875 and (6) 9.73712 and (4) 9.73154 and (2) 9.70660 and (3) 9.71625 and temporary long positions at (1) 9.72520.

EURUSD (Mar) – Monthly MACD is on the way down after passing the zero line on the way down and STOC is inside the oversold area, so it’s a chance to buy this pair – Today 3/4 we closed some of our positions and took a profit of 68 pips. We are now holding covered long positions at (4) 1.18934 and (1) 1.15003 and (3) 1.13745 and (5) 1.14066 and (6) 1.13576 and (2) 1.13205.

GBPJPY (Mar) – The monthly MACD continues to go sideway right under the zero line and STOC just finished a crossover above the oversold level, so it is a chance to buy this pair – Today 3/4 we closed some of our positions and took a profit of 86 pips. We are now holding temporary short positions at (5) 144.596 and (1) 147.146.

GBPUSD (Mar) – Monthly MACD is trying to get back to the zero line and STOC is slowing down on its way up to the mid level, so it’s a chance to buy this pair – Today 3/4 we closed some of our positions and took a profit of 73 pips. We are now holding temporary short positions at (1) 1.30353 and (2) 1.31794.

USDNOK (Mar) – Monthly MACD is trying to go higher from the zero line and STOC is slowing down from high in the overbought level, so it is a chance to sell this pair – We are now holding temporary covered short positions at (5) 8.06851 and (1) 8.18242 and (2) 8.82869 and (3) 8.21901 and (6) 8.43331 and (4) 8.42044.

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.