Market Watch

Profit: 375 pips
This month: 2,763 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 going to make a crossover to the mid level, so this is still a chance to buy this pair – We are now holding temporary covered short positions at (5) 1.05925 and (6) 1.05149 and (1) 1.06203 and (3) 1.06010 and (4) 1.06827.

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. This week we closed some of our positions and took a profit of 85 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) 0.74177 and (5) 0.74220.

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 – We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 84.685 and (4) 79.918 and (5) 79.611.

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 and (5) 107.803.

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 83 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 (6) 1.47198.

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 – We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987 and (5) 1.11027.

GBPCAD (Aug) – 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 – This week we closed some of our positions and took a profit of 65 pips. We are now holding long positions at (5) 1.70915 and (4) 1.69065 and (2) 1.67266 and (1) 1.66027 and (6) 1.62454.

GBPNZD (Aug) – 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 – We are now holding temporary short positions at (5) 1.92103.

NZDUSD (Aug) – Monthly MACD continues to go down further from the zero line and STOC is trying to make a crossover right above the oversold level, it’s still a chance to buy this pair – We are now holding covered long positions at (3) 0.68673 and (1) 0.67420 and (2) 0.65086 and (5) 0.64578 and (6) 0.64637.

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 – This week we closed some of our positions and took a profit of 55 pips. We are now holding short positions at (6) 1.32280 and (4) 1.31626 and (5) 1.31931 and (1) 1.32196 and (2) 1.32729 and temporary long positions at (3) 1.32985 .

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 – This week we closed some of our positions and took a profit of 62 pips. We are now holding covered short positions (5) 0.96106 and (4) 0.98229 and (6) 0.98320 and temporary covered long positions at (3) 0.99393 and (1) 0.99197 and (2) 0.98665.

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 – This week we closed some of our positions and took a profit of 25 pips. We are now holding long positions at (4) 110.102 and (3) 110.738 and (2) 109.331 and (1) 109.693 and (6) 106.722 and (5) 106.374.

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.