Market Watch

Profit: 1,331 pips

(Our weekly 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 (Aug) – Monthly MACD is going down more from the zero line and STOC is so deep in the oversold area, so this is 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.

AUDUSD (Aug) – Monthly MACD continues to go further down from the zero line and STOC is still in 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) 0.70985 and (6) 0.70748 and (1) 0.71861.

CADCHF (Aug) – Monthly MACD is right under the zero line and STOC is passing up from the mid level, so it’s still a chance to buy it. Today 8/2 we closed some of our positions and took a profit of 175 pips. We are now holding covered long positions at (6) 0.75735 and (3) 0.75688 and (1) 0.75338 and (2) 0.75107 and temporary short positions at (4) 0.74263 and (5) 0.74336.

CADJPY (Aug) – Monthly MACD is slowing on the way down from the zero line and STOC is still hanging below the mid level, so it’s a chance to buy it – Today 8/2 we closed some of our positions and took a profit of 428 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) 80.711 and (5) 80.666.

CHFJPY (Aug) – Monthly MACD seems to abandon its attempt to go back up to the zero line and STOC is hovering above the oversold level, so this is a chance to buy this pair – Today 8/2 we closed some of our positions and took a profit of 65 pips. We are now holding covered long positions at (4) 111.746 and (6) 112.162 and (3) 110.608 and (1) 110.903 and (2) 109.754 and temporary short positions at (5) 108.822.

NZDCHF (Aug) – The monthly MACD is going farther from the zero line and STOC is trying to lift itself up from the oversold level, this is still a chance to buy it – Today 8/2 we closed some of our positions and took a profit of 117 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) 0.64263.

USDCAD (Aug) – The monthly MACD is still going sideway above the zero line and STOC is already passing the mid level on the way down, so this is a chance to sell it – Today 8/2 we closed some of our positions and took a profit of 46 pips. We are now holding short positions at (6) 1.31289 and (4) 1.31626 and (5) 1.31931 and temporary long positions at (2) 1.31643 and (3) 1.32220 and (1) 1.31633.

USDCHF (Aug) – Monthly MACD is aiming downward for the zero line and STOC is already passing the mid level on the way down, so it’s a chance to sell it – Today 8/2 we closed some of our positions and took a profit of 219 pips. We are now holding covered short positions (5) 0.96106 and (4) 0.98503 and (6) 0.98227 and (2) 0.98201 and temporary covered long positions at (3) 0.99393 and (1) 0.99197.

USDJPY (Aug) – 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 8/2 we closed some of our positions and took a profit of 281 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 (6) 108.246 and (5) 106.658.

Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and/or damage which may arise directly or indirectly from the content of these and future articles.