Market Watch
Profit: 913 pips
This month: 5,383 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 47 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 170 pips. We are now holding long positions at (2) 0.75414 and (1) 0.75177 and (3) 0.75007 and temporary covered short positions at (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 182 pips. 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) 82.161.
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 41 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 and (5) 109.650.
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 – This week we closed some of our positions and took a profit of 111 pips. 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) 1.48975.
EURNOK (Oct) – Monthly MACD is trying to go higher away the zero line and STOC is inside the overbought level, so it’s a chance to sell this pair. We are now holding short positions at (1) 9.62894 and (5) 9.66645 and (2) 9.62672 and (4) 9.66115 and (3) 9.76313 and (6) 10.01174.
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 48 pips. We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987.
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 34 pips. We are now holding long positions at (5) 1.70915 and temporary short positions (6) 1.67693 and (1) 1.70055.
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 43 pips. We are now holding temporary short positions at (1) 1.99323 and (5) 2.01090.
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 (4) 1.45109 and temporary short positions at (6) 1.27863 and (3) 1.29268.
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 65 pips. We are now holding temporary long positions at (2) 1.32260.
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 92 pips. We are now holding covered short positions (5) 0.96106 and (4) 0.98229 and (6) 0.98320 and temporary long positions at (2) 0.98714.
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 80 pips. We are now holding long positions at (2) 109.331 and (1) 109.693 and (4) 108.651 and temporary short positions at (5) 107.350 and (3) 108.970.
USDNOK (Oct) – Monthly MACD continue to go up above the zero line and STOC is extremely high in overbought area, so it is a chance to sell this pair – We are now holding covered short positions at (5) 8.06851 and (1) 8.18242 and (2) 8.82869 and (3) 8.21901 and (4) 8.68088 and (6) 8.83039.
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.