Market Watch
Profit: 370 pips
This month: 4,470 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 26 pips. We are now holding temporary short positions at (4) 0.74382 and (6) 0.74765 and (5) 0.75018 and (1) 0.75409 and (2) 0.75681 and (3) 0.75914.
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 – We are now holding covered long positions at (3) 86.434 and (1) 84.074 and (2) 83.784 and temporary short positions at (5) 82.028 and (6) 82.727 and (4) 82.999.
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 45 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 temporary short positions at (2) 109.465.
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 (3) 1.62962 and (5) 1.50088 and (1) 1.49477 and (4) 1.49137 and (6) 1.44723.
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 57 pips. We are now holding long positions at (5) 1.70915 and (1) 1.67883 and temporary short positions (6) 1.67830.
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 140 pips. We are now holding long positions at (1) 147.808 and (5) 145.243 and temporary short positions at (6) 138.956 and (2) 139.246.
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 33 pips. We are now holding short positions at (4) 1.30895 and temporary long positions at (2) 1.32260 and (1) 1.31438 and (5) 1.31382 and (6) 1.30871.
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 69 pips. We are now holding covered short positions (5) 0.96106 and (4) 0.98229 and (6) 0.98320 and (2) 0.99044 and (3) 0.99274 and temporary long positions at (1) 0.99299.
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.