Market Watch

Profit: 1,991 pips
This month: 3,100 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)

AUDNZD (Oct) – Monthly MACD is trying to reach up to the zero line and STOC is on its way to the overbought level, so this is still a chance to buy this pair – This week we closed some of our positions and took a profit of 34 pips. We are now holding temporary covered short positions at (5) 1.05925 and (6) 1.06065 and (1) 1.06203 and (3) 1.06010 and (2) 1.06468.

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 103 pips. We are now holding covered long positions at (3) 0.75688 and temporary short positions at (4) 0.74382 and (5) 0.74946 and (6) 0.74765.

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 104 pips. We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 83.784.

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 38 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.

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 – 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) 1.45999.

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 485 pips. We are now holding temporary long positions at (1) 0.88494.

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 – This week we closed some of our positions and took a profit of 55 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 (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 – This week we closed some of our positions and took a profit of 186 pips. We are now holding short positions at (4) 1.83879 and (2) 1.86051.

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 – This week we closed some of our positions and took a profit of 185 pips. We are now holding long positions at (5) 1.70915 and (4) 1.69065 and temporary short positions (2) 1.67291

GBPCHF (Oct) – Monthly MACD is still lingering under the zero line and STOC already made a cross out of the oversold level, so it’s a chance to buy this pair – This week we closed some of our positions and took a profit of 253 pips. We are now holding long positions at (1) 1.30505 and (4) 1.28507 and (5) 1.27102 and temporary short positions at (2) 1.26163.

GBPJPY (Oct) – The monthly MACD is trying to make a cross upward to the zero line and STOC is slowly coming out of the oversold level, it is a chance to buy this pair – This week we closed some of our positions and took a profit of 108 pips. We are now holding long positions at (1) 147.808 and (5) 145.243 and (2) 140.908 and (6) 138.715.

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 a chance to buy it – This week we closed some of our positions and took a profit of 218 pips. We are now holding temporary short positions at (1) 1.99323.

GBPUSD (Oct) – Monthly MACD is trying to go back up to the zero line and STOC already made a crossover out of the oversold area, so it’s a chance to buy this pair – We are now holding long positions at (2) 1.30657 and (1) 1.30250 and (5) 1.34963 and (6) 1.27915 and (3) 1.22248 and temporary short positions at (3) 1.26381.

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 157 pips. We are now holding short positions at (4) 1.31626 and (5) 1.31931 and (6) 1.31691 and (1) 1.32249.

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 – This week we closed some of our positions and took a profit of 27 pips. 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) 0.99371.

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 week we closed some of our positions and took a profit of 38 pips. We are now holding long positions at (2) 109.331 and (1) 109.693 and (4) 108.651 and (3) 107.063 and temporary short positions at (5) 107.350.

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.