Market Watch

Profit: 1,109 pips

(Our weekly post is for pairs that we entered or added more positions during the week and for pairs that we closed for a profit. Pairs that are unchanged or inactive are not posted)

CADCHF (Oct) – Monthly MACD seems unable to go up to the zero line and STOC is back down toward the mid level, but it’s still a chance to buy it – This week we closed some of our positions and took a profit of 203 pips. We are now holding covered long positions at (3) 0.75688 and (1) 0.75338 and (2) 0.74946 and temporary short positions at (4) 0.74382 and (5) 0.74602.

CADJPY (Oct) – Monthly MACD can’t close the gap on itself under the zero line and STOC is sliding down to the oversold level, it’s still a chance to buy it – This week we closed some of our positions and took a profit of 110 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 83.784 and (5) 81.936 and (4) 80.722.

CHFJPY (Oct) – Monthly MACD is moving slowly farther down from the zero line and STOC is sinking deeper in 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 40 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) 108.320.

EURCAD (Oct) – Monthly MACD is still going slowly from the zero line and STOC is trying to come up from deep in the oversold area, it’s a chance to buy this pair – On 10/3 we closed some of our positions and took a profit of 111 pips. We are now holding covered long positions at (2) 1.50123 and (3) 1.62962 and (5) 1.50088 and (4) 1.49137.

EURGBP (Oct) – The monthly MACD is making a weak cross upward above the zero line and STOC is turning back down to the mid level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 151 pips. We are now holding covered short positions at (4) 0.87998 and temporary long positions at (1) 0.89423.

EURUSD (Oct) – Monthly MACD is still trying to make a crossover right under the zero line and STOC is now too deep in the oversold area, so it’s a chance to continue buying 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.

GBPAUD (Oct) – Monthly MACD continues to hover sideway right above the zero line and STOC is making a crossover from the mid level, so this is a chance to sell it – On 10/4 we closed some of our positions and took a profit of 42 pips. We are now waiting for another chance to get back in.

GBPCAD (Oct) – The monthly MACD is still moving sideway with smaller gap under the zero line and STOC is just coming out of the oversold area, so this is a chance to buy it – On 9/30 we closed some of our positions and took a profit of 109 pips. We are now holding long positions at (5) 1.70915 and (4) 1.69065 and (2) 1.67266 and (1) 1.66027.

GBPNZD (Oct) – The monthly MACD continues to keep itself at the zero line and STOC is reaching further up from the mid level, so this is still a chance to buy it – On 10/4 we closed some of our positions and took a profit of 239 pips.We are now waiting for a better chance to get back in.

USDCAD (Oct) – The monthly MACD has been going sideway above the zero line for many months and STOC is making a crossover back to the overbought level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 39 pips. We are now holding short positions at (4) 1.31626 and (5) 1.31931 and (6) 1.31691 and (1) 1.32249 and (2) 1.32966.

USDCHF (Oct) – Monthly MACD keeps going sideway above the zero line and STOC is struggling to make a clear crossover from the mid level, so it’s still a chance to sell it – We are now holding covered short positions (5) 0.96106 and (4) 0.98229 and (6) 0.98320 and (3) 0.98561 and (2) 0.98551 and (1) 0.99218.

USDJPY (Oct) – Monthly MACD continues to go down far away from the zero line and STOC is stop short of enetring the oversold level, so it is still a chance to buy this pair – This we closed some of our positions and took a profit of 65 pips. We are now holding long positions at (2) 109.331 and (1) 109.693 and (4) 108.651 and (3) 107.063.

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.