Market Watch
Profit: 266 pips
This month: 2,043 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)
AUDNZD (Aug) – Monthly MACD is trying to be back upward to the zero line and STOC is now aiming for the mid level, so this is still a chance to buy this pair – We are now holding covered long positions at (4) 1.08865 and (3) 1.06067 and (1) 1.05377 and temporary short positions at (5) 1.05405 and (6) 1.05149.
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 – 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.
EURCAD (Aug) – Monthly MACD is passing the zero line and STOC is going deeper in the oversold area, it’s still a chance to buy this pair – This week we closed some of our positions and took a profit of 38 pips. We are now holding covered long positions at (2) 1.50123 and (3) 1.62962 and (5) 1.50088 and (4) 1.49137 and temporary short positions at (6) 1.48297.
EURUSD (Aug) – Monthly MACD is moving sideway under the zero line and STOC is trying to get out of the oversold area, so it’s a chance to buy this pair – This week we closed some of our positions and took a profit of 157 pips. We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987 and temporary short positions at (5) 1.11423 and (6) 1.11428.
GBPNZD (Jul) – The monthly MACD is trying to get back up to the zero line and STOC is going sideway under the mid level, so this is a chance to buy it – This week we closed some of our positions and took a profit of 71 pips. We are now holding long positions at (1) 1.93252 and (5) 1.90560 and (2) 1.88089.
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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 – Yesterday 8/8 we closed some of our positions and took a profit of 157 pips. We are now holding covered short positions (5) 0.96106 and temporary covered long positions at (3) 0.99393 and (1) 0.99197 and (2) 0.97470.
USDNOK (Aug) – Monthly MACD continues to go upward further and STOC is still high in 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/or damage which may arise directly or indirectly from the content of these and future articles.