Market Watch

Profit: 271 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)

AUDCAD (May) – Monthly MACD is going to make a cross upward in an attemp to reach up to the zero line and STOC is turning down to the oversold level, so this is still a chance to buy it – Today 5/1 we closed some of our positions and took a profit of 61 pips. We are now holding long positions at (3) 0.95429 and (6) 0.95561 and (2) 0.95076 and (1) 0.94673 amd (5) 0.94914 and (4) 0.94389.

AUDNZD (May) – Monthly MACD is trying to be back upward to the zero line and STOC is also trying to get up further from the oversold level, so this is a chance to buy this pair – We are now holding covered long positions at (4) 1.08865 and temporary short positions at (1) 1.05594 and (6) 1.05753 and (5) 1.05849 and (2) 1.06030.

CHFJPY (May) – Monthly MACD continues to go further down under the zero line and STOC is reaching lower to the oversold level, so this is a chance to buy this pair – We are now holding covered long positions at (4) 111.746 and (6) 112.162 and (3) 110.608 and (2) 111.417 and (1) 110.903 and (5) 110.786.

EURCAD (May) – Monthly MACD is reaching down to the zero line and STOC is keeping itself at the oversold level, it’s still a chance to sell this pair – Today 5/1 we closed some of our positions and took a profit of 80 pips. We are now holding short positions at (5) 1.50946 and temporary long positions at (1) 1.52071 and (2) 1.51191 and (6) 1.50772 and (3) 1.51175 and (4) 1.50111.

EURGBP (May) – The monthly MACD is near the zero line and STOC continues to go sideway at the oversold level, so this is a chance to buy it – We are now holding long positions at (1) 0.86894 and (4) 0.85854.

EURNOK (May) – Monthly MACD is starting to go down to the zero line again and STOC is going sideway right under the mid level, so it’s still a chance to sell this pair. Today 5/1 we closed some of our positions and took a profit of 130 pips. We are now holding short positions at (5) 9.68774 and (2) 9.67716 and (6) 9.70824 and temporary long positions at (1) 9.72520 and (3) 9.69809 and (4) 9.68789.

NZDCAD (May) – Monthly MACD is slowing down on the way up to the zero line and STOC is making a cross back to the mid level, so this is a chance to buy it – We are now holding covered long positions at (4) 0.89801 and (2) 0.89492 and (1) 0.89844 and (3) 0.89899 and temporary short positions at (5) 0.87403 and (6) 0.88326.

NZDJPY (May) – The monthly MACD is unable to go higher to the zero line and STOC is going lower from the mid level, but it’s still a chance to buy it – We are now holding long positions at (6) 76.046 and (5) 76.553 and (1) 74.764 and (3) 74.568 and (2) 74.163.

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.