Market Watch

This week: 931 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 (Jan) – Monthly MACD is trying to reach up to the zero line and STOC is slowing down on its way to the overbought level, so this is still a chance to buy this pair – We are now holding covered long positions at (4) 1.06827 and (2) 1.05977 and (1) 1.06213 and (3) 1.05050 and (5) 1.05636 and (6) 1.05572.

CADCHF (Jan) – 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 94 pips. We are now holding long positions at (1) 0.74972 and (2) 0.74705 and temporary short positions at (6) 0.74595.

CHFJPY (Jan) – 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 – This week we closed some of our positions and took a profit of 144 pips. We are now holding temporary short positions at (5) 109.602 and (2) 109.403 and (3) 110.581 and (6) 111.458 and (4) 111.187.

EURUSD (Jan) – 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 57 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 temporary short positions at (5) 1.11434.

GBPCAD (Jan) – 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 109 pips. We are now holding temporary covered short positions at (1) 1.70257 and (4) 1.70088.

GBPJPY (Jan) – 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 56 pips. We are now holding temporary short positions at (2) 141.381 and (3) 141.474 and (1) 142.254.

GBPNZD (Jan) – 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 – We are now holding temporary short positions at (5) 1.95287 and (1) 1.96564.

GBPUSD (Jan) – 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 72 pips. We are now holding temporary short positions at (6) 1.29445 and (5) 1.29833 and (1) 1.30909 and (2) 1.31810.

NZDJPY (Jan) – 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 114 pips. 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.

USDCAD (Jan) – 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 – We are now holding temporary long positions at (1) 1.32361 and (2) 1.31654 and (3) 1.31324 and (4) 1.30599 and (5) 1.29983.

USDCHF (Jan) – 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 43 pips. We are now holding covered short positions (5) 0.96106 and temporary long positions at (1) 0.98232 and (2) 0.97865 and (3) 0.97296 and (6) 1.29965.

USDJPY (Jan) – Monthly MACD is going to make a cross upward to the zero line and STOC is aiming for the mid level, so it is still a chance to buy this pair – This week we closed some of our positions and took a profit of 157 pips. We are now holding long positions at (1) 109.693 and (4) 108.651 and temporary short positions at (3) 108.311.

USDNOK (Jan) – Monthly MACD is going to make a cross downward to the zero line and STOC continues to go down after a cross in the overbought area, so it is a chance to sell this pair – This week we closed some of our positions and took a profit of 85 pips. 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.

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.