Market Watch

This week: 1,814 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 (Dec) – Monthly MACD is going up slowly to the zero line and STOC seems reluctant to reach higher to the overbought level, but it’s still a chance to buy it – This week we closed some of our positions and took a profit of 406 pips. We are now holding long positions at (1) 0.74972 and temporary short positions at (6) 0.74595.

CADJPY (Dec) – Monthly MACD is making a crossover back to the zero line and STOC seems unable to reach up to the mid level, it’s still a chance to buy it – This week we closed some of our positions and took a profit of 135 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) 81.914.

CHFJPY (Dec) – Monthly MACD is going to make a crossover back to the zero line and STOC is hovering over the oversold level, so this is a chance to buy this pair – 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 (5) 109.602 and (2) 109.403.

EURCAD (Dec) – Monthly MACD is trying to turn back to the zero line and STOC is making an attempt to be out of the oversold area, it’s a chance to buy this pair – This week we closed some of our positions and took a profit of 180 pips. We are now holding covered long positions at (3) 1.62962 and (5) 1.50088 and (1) 1.49477 and (4) 1.49137.

EURUSD (Dec) – Monthly MACD has been going sideway under the zero line for almost 4 months and STOC can’t go up far from the oversold level, so it’s a chance to continue buying this pair – This week we closed some of our positions and took a profit of 107 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) 1.11069 and temporary short positions at (6) 1.10753.

GBPAUD (Dec) – Monthly MACD is going higher from the zero line and STOC is up high in the overbought are, so this is a chance to sell it – This week we closed some of our positions and took a profit of 63 pips. We are now holding short positions at (4) 1.86906 and (2) 1.87998 and (6) 1.90159.

GBPCAD (Dec) – Monthly MACD is reaching up to the zero line after a crossover and STOC is getting closer 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 73 pips. We are now holding temporary short positions (6) 1.67693 and (4) 1.68895 and (1) 1.70257 and (2) 1.70583 and (5) 1.71819 and (3) 1.73397.

GBPCHF (Dec) – Monthly MACD already made a crossover to the zero line and STOC is coming closer to the overbought level, so it’s still a chance to buy this pair – This week we closed some of our positions and took a profit of 171 pips. We are now holding long positions at (1) 1.30505 and temporary short positions at (2) 1.26163 and (5) 1.27019 and (4) 1.28307 and (2) 1.29543.

GBPJPY (Dec) – The monthly MACD already made a cross upward to the zero line and STOC is reaching up to the overbought level, it is a chance to buy this pair – 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 and (3) 141.474 and (1) 142.781.

GBPNZD (Dec) – The monthly MACD is going back down to the zero line and STOC is leaving the overbought level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 175 pips. We are now holding temporary short positions at (1) 1.99323 and (5) 1.99176.

GBPUSD (Dec) – Monthly MACD is reaching up to the zero line after a crossover and STOC is almost touching the overbought level, so it’s a chance to sell this pair – This week we closed some of our positions and took a profit of 101 pips. We are now holding long positions at (5) 1.34963 and (4) 1.45109 and temporary short positions at (6) 1.28514 and (3) 1.29995 and (1) 1.30880.

NZDCAD (Dec) – Monthly MACD is now turning up to the zero line and STOC already made a crossover out of 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 temporary short positions at (6) 0.85705 and (5) 0.86436.

NZDCHF (Dec) – The monthly MACD is going to turn up to the zero line and STOC is already out of the oversold level, this is a chance to buy it – We are now holding covered long positions at (5) 0.67041 and (3) 0.66723 and (1) 0.67270 and (2) 0.65421 and temporary short positions at (4) 0.64349 and (6) 0.64981.

NZDJPY (Dec) – The monthly MACD is closing its gap under the zero line and STOC is coming farther out of the oversold level after a crossover, so it’s a chance to buy it – This week we closed some of our positions and took a profit of 71 pips, We are now holding long positions at (6) 76.046 and (5) 76.553 and (1) 74.764 and (3) 74.568 and temporary short positions at (2) 70.953.

NZDUSD (Dec) – Monthly MACD is going to make a crossover back to the zero line and STOC is on its way up from the oversold level, it’s a chance to buy this pair – We are now holding covered long positions at (3) 0.68673 and (1) 0.67420 and temporary short positions at (6) 0.64461 and (5) 0.64533 and (2) 0.65057 and (4) 0.65599.

USDCAD (Dec) – The monthly MACD is on its way back to the zero line and STOC continues to go further down to the oversold level, so this is still a chance to sell it – This week we closed some of our positions and took a profit of 276 pips. We are now holding covered short positions at (5) 1.32062 and (4) 1.32253.

USDCHF (Dec) – Monthly MACD continues to go down slowly to the zero line and STOC is already passing the mid level after a cross downward, so it’s a chance to sell it – This week we closed some of our positions and took a profit of 129 pips. We are now holding covered short positions (5) 0.96106 and (4) 0.98229 and (6) 0.99051.

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.