Market Watch
Profit: 335 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)
CADCHF (Sep) – Monthly MACD continues to go sideway right under the zero line and STOC seems unable to go up higher from the mid level, so it’s still a chance to buy it. We are now holding covered long positions at (6) 0.75175 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 (Sep) – Monthly MACD is closing the gap on itself under the zero line and STOC is reaching down to the oversold level, so it’s a chance to buy it. This week we closed some of our positions and took a profit of 170 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 84.685 and (4) 80.718 and (5) 80.704 and temporary short positions at (6) 80.814.
CHFJPY (Sep) – Monthly MACD resumes its attempt to go back up to the zero line and STOC is entering the oversold level, so this is a chance to buy this pair. This week we closed some of our positions and took a profit of 62 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 (5) 108.470.
NZDCAD (Sep) – Monthly MACD is going down farther from the zero line and STOC is passing the oversold 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) 0.88448 and (5) 0.85236.
USDCAD (Sep) – The monthly MACD has been going sideway above the zero line for more than 3 months and STOC is lifting itself up a bit from the mid level, so this is a chance to sell it. This week we closed some of our positions and took a profit of 33 pips. We are now holding short positions at (4) 1.31626 and (5) 1.31931 and (6) 1.31691 and temporary long positions at (3) 1.32985 and (3) 1.32316.
USDJPY (Sep) – Monthly MACD continues to go down far away from the zero line and STOC is going sideway right above 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 70 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) 107.194.
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.