Market Watch

Profit: 1334 pips
This week: 2185 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)

AUDUSD (Mar) – Monthly MACD is going sideway on its way down from the zero line and STOC is already out of the oversold area, so it’s a chance to buy this pair – We are holding covered long positions at (5) 0.72583 and (3) 0.74624 and (2) 0.71904 and (6) 0.71513.

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 3/7 we closed some of our positions and took a profit of 184 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.049 and (2) 84.685 and (4) 83.024 and temporary short positions at (6) 83.777.

CHFJPY (Mar) – Monthly MACD continues to go sideway under the zero line and STOC is slowing down on the way to the oversold level, so this is a chance to buy this pair – Today 3/7 we closed some of our positions and took a profit of 251 pips. We are now holding covered long positions at (4) 111.746 and (6) 112.162 and (3) 111.536 and (2) 110.454 and temporary short positions at (5) 111.866.

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 3/7 we closed some of our positions and took a profit of 312 pips. We are now holding short positions at (5) 1.49707 and (6) 1.51003 and (4) 1.50901 and (3) 1.51327 and temporary long positions at (1) 1.52071 and (2) 1.50833.

EURJPY (Mar) – Monthly MACD is passing through the zero line and STOC is slowly making a cross upward to the mid level, it’s still a chance to buy this pair – Today 3/7 we closed some of our positions and took a profit of 360 pips. We are now holding long positions at (1) 127.929 and (5) 130.090 and (6) 128.164 and (4) 125.216 and temporary short positions at (2) 126.664.

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 – 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) 1.12597.

GBPCAD (Mar) – The monthly MACD is almost touching the zero line from the way up and STOC is near the mid level, so this is still a chance to sell it – Today 3/7 we closed some of our positions and took a profit of 89 pips. We are now holding short positions at (1) 1.74417 and (4) 1.75278 and (5) 1.75802 and (3) 1.77058 and (2) 1.76040.

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 3/7 we closed some of our positions and took a profit of 80 pips. We are now holding temporary short positions at (5) 144.596 and (1) 146.219.

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 3/7 we closed some of our positions and took a profit of 76 pips. We are now holding temporary short positions at (1) 1.30353 and (2) 1.30943.

USDCHF (Mar) – Monthly MACD is trying to go higher above the zero line and STOC is reaching up in the overbought area, so it’s a chance to sell it – Today 3/7 we closed some of our positions and took a profit of 133 pips. We are now holding covered short positions (5) 0.96106 and (1) 0.99948 and (4) 0.99484 and (2) 0.99730 and (6) 1.00259 and (3) 1.01052.

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) 8.55179 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.