Market Watch

Profit: 81 pips
This week: 2266 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)

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 (5) 82.485 and temporary short positions at (6) 83.777.

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 – We are now holding long positions at (1) 127.929 and (5) 130.090 and (6) 128.164 and (4) 125.216 and (3) 124.549 and temporary short positions at (2) 126.664.

USDJPY (Mar) – Monthly MACD continues to hover right above the zero line and STOC is trying to back up to the overbought level, so it is still a chance to buy this pair – Today 3/8 we closed some of our positions and took a profit of 81 pips. We are now holding long positions at (6) 111.450 and (4) 110.926 and (3) 111.046 and temporary short positions at (5) 108.437 and (2) 110.964 and (1) 111.167.

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.