Market Watch
Profit: 310 pips
This month: 2,973 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)
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 – Yesterday 5/21 we closed some of our positions and took a profit of 207 pips. We are now holding temporary long positions at (1) 1.52071 and (2) 1.51191 and (6) 1.50772 and (3) 1.51175 and (4) 1.49876.
EURCHF (May) – Monthly MACD is trying to turn back up from the zero line and STOC is linger at the oversold level, so it’s a chance to buy this pair – We are now holding long positions at (1) 1.13554 and (4) 1.13059 and (6) 1.13109 and (3) 1.12716 and temporary covered short positions (2) 1.11536 and (5) 1.11205.
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 – Yesterday 5/20 we closed some of our positions and took a profit of 103 pips, We are now holding temporary short positions at (1) 0.87704.
GBPCAD (May) – The monthly MACD continues to go sideway right under the zero line from the way up and STOC is turning down from the mid level, so this is still a chance to sell it – We are now holding long positions at (15) 1.70915.
GBPCHF (May) – Monthly MACD is almost touching the zero line and STOC is turning back down to the mid level, so it’s still a chance to buy this pair – We are now holding long positions at (1) 1.30505 and (4) 1.28507.
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 (6) 0.88436 and (5) 0.87304.
USDNOK (May) – Monthly MACD is starting to show weakness above the zero line and STOC seems unable to go higher in the overbought area, 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 (4) 8.42044 and (6) 8.48523.
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.