Market Watch

Profit: 574 pips
This month: 5,021 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 (Jul) – Monthly MACD is going down farther down from the zero line and STOC is touching the oversold level, so this is still a chance to buy it – We are now holding long positions at (6) 0.95561 and (2) 0.95076 and (1) 0.92820 amd (5) 0.94914 and (3) 0.94685 and (4) 0.92274.

CADJPY (Jul) – Monthly MACD is going to make a crossover back to the zero line and STOC is going down for the oversold area, so it’s a chance to buy it – Yesterday 7/30 we closed some of our positions and took a profit of 63 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 84.685 and temporary short positions at (4) 82.312 and (5) 82.743 and (6) 82.681.

EURGBP (Jul) – The monthly MACD is reaching up higher above the zero line and STOC is touching the overbought level, so this is a chance to sell it – We are now holding covered short positions at (1) 0.89728 and (4) 0.87998 and (2) 0.88445 and (6) 0.89503.

EURNOK (Jul) – Monthly MACD is going a little bit lower to the zero line and STOC is hesitating right below the mid level, so it’s still a chance to sell this pair. Today 7/31 we closed some of our positions and took a profit of 90 pips. We are now holding short positions at (1) 9.62894 and (5) 9.66645 and (6) 9.62648 and (2) 9.62672 and (4) 9.66115 and (3) 9.76313.

GBPCAD (Jul) – The monthly MACD is trying to go back up to the zero line and STOC is deeper in the oversold area, so this is a chance to buy it – We are now holding long positions at (5) 1.70915 and (4) 1.69065 and (2) 1.67266 and (1) 1.66027 and (6) 1.60179.

GBPUSD (Jul) – Monthly MACD is going more farther down from the zero line and STOC is sinking deeper into the oversold area, it’s a chance to buy this pair – We are now holding long positions at (2) 1.30657 and (1) 1.30250 and (5) 1.34963 and (6) 1.27915 and (3) 1.22248.

NZDCAD (Jul) – Monthly MACD is trying to make a crossover toward the zero line and STOC is going sideway at the mid level, so this is a chance to buy it – Yesterday 7/30 we closed some of our positions and took a profit of 59 pips. 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) 0.88448 and temporary short positions at (5) 0.86644.

NZDCHF (Jul) – The monthly MACD is going to make a cross upward to the zero line and STOC is almost at the mid level, this is still a chance to buy it – Today 7/31 we closed some of our positions and took a profit of 124 pips. We are now holding covered long positions at (5) 0.67041 and (3) 0.66723 and (4) 0.66607 and (1) 0.67270 and (6) 0.67084 and (2) 0.65421 and temporary short positions at (4) 0.65452.

NZDUSD (Jul) – Monthly MACD is slowing down on the way down from the zero line and STOC has a tendency to fall back to the oversold level, but it’s still a chance to buy this pair – Today 7/31 we closed some of our positions and took a profit of 185 pips. We are now holding long positions at (3) 0.68673 and (1) 0.67420 and (2) 0.66756 and temporary short positions at (4) 0.066166 and (5) 0.66361 and (6) 0.66329.

USDCHF (Jul) – Monthly MACD already made a cross downward to the zero line and STOC is going down almost to the mid level, so it’s a chance to sell it – We are now holding covered short positions (5) 0.96106 and (4) 0.98503 and (6) 0.99354 and (2) 0.99287 and temporary covered long positions at (3) 0.99393 and (1) 0.99197.

USDJPY (Jul) – Monthly MACD continues to go down away from the zero line and STOC is reaching down to the oversold level, so it is still a chance to buy this pair – Today 7/31 we closed some of our positions and took a profit of 53 pips. We are now holding long positions at (4) 110.102 and (3) 110.738 and (2) 109.331 and (1) 109.693 and temporary short positions at (5) 108.828 and (6) 109.254.

USDNOK (Jul) – Monthly MACD is going to make a cross downward to the zero line and STOC is leaving the oversold level, so it is a chance to sell this pair – We are now holding covered short positions at (5) 8.06851 and (1) 8.18242 and (2) 8.82869 and (3) 8.21901 and (4) 8.58245 and (6) 8.55952.

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.