Market Watch
This week: 1,139 pips
This month: 7,392 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)
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 temporary short positions at (5) 109.602 and (2) 109.403 and (3) 110.581 and (1) 111.249 and (6) 111.458 and (4) 111.699.
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 89 pips. We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987.
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 138 pips. We are now holding short positions at (4) 1.86906 and (2) 1.87334.
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 still a chance to buy it – This week we closed some of our positions and took a profit of 164 pips. We are now holding temporary covered short positions at (1) 1.70257 and (2) 1.70583 and (5) 1.70700 and (4) 1.70088.
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 – This week we closed some of our positions and took a profit of 148 pips. We are now holding temporary short positions at (2) 141.381 and (3) 141.474 and (1) 142.254.
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 283 pips. We are now holding temporary short positions at (5) 1.95287.
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 buy this pair – This week we closed some of our positions and took a profit of 250 pips. We are now holding temporary short positions at (6) 1.29445 and (5) 1.29833 and (1) 1.30909.
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) 0.64777.
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 – We are now holding long positions at (6) 76.046 and (5) 76.553 and (1) 74.764 and temporary short positions at (2) 72.149 and (3) 73.363.
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) 0.65235 and (5) 0.64533 and (2) 0.65057 and (4) 0.65867.
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 67 pips. We are now holding temporary long positions at (1) 1.32361 and (2) 1.31654 and (3) 1.31324.
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.