Market Watch

This week: 544 pips
This month: 1,475 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 making a cross downward far away from the zero line and STOC is going down to the oversold level, so this is still a chance to sell 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) 1.04551.

CADCHF (Jan) – Monthly MACD continues to go sideway right under the zero line and STOC is doing the same above the mid level, but it’s still a chance to buy it – We are now holding long positions at (1) 0.74972 and (2) 0.74705 and (3) 0.74543 and temporary short positions at (6) 0.74595.

CHFJPY (Jan) – Monthly MACD is going high up to the zero line and STOC is also reaching up to the overbought level, so this is a chance to sell this pair – We are now holding temporary short positions at (5) 109.602 and (2) 109.403 and (3) 111.584 and (6) 111.458 and (4) 111.187 and (1) 111.914.

EURNOK (Jan) – Monthly MACD is goingto make a cross downward to the zero line and STOC is on its way to the mid 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.

EURUSD (Jan) – Monthly MACD is trying to make a crossover from under the zero line and STOC turns sideway above 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 128 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 (6) 1.11048.

GBPAUD (Jan) – Monthly MACD is going slowly higher from the zero line and STOC is going sideway right at the overbought level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 80 pips. We are now holding short positions at (4) 1.86906 and (2) 1.87334.

GBPCHF (Jan) – Monthly MACD seems unable to make an advance up after a crossover under the zero line and STOC is no longer trying to reach to the overbought level, but it’s still a chance to buy this pair – We are now holding long positions at (1) 1.27637 and temporary short positions at (2) 1.26163 and (5) 1.27019 and (4) 1.27397.

GBPNZD (Jan) – The monthly MACD is turning back to the zero line and STOC is making a cross downward from the overbought level, so this is a chance to sell it – This week we closed some of our positions and took a profit of 60 pips. We are now holding temporary short positions at (5) 1.95287 and (1) 1.96564.

NZDCAD (Jan) – Monthly MACD is still trying to make a crossover to the zero line and STOC seems unable to make a move to the mid level, but this is still a chance to buy it – This week we closed some of our positions and took a profit of 51 pips. 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) 0.86525.

NZDCHF (Jan) – The monthly MACD is trying to go back up to the zero line and STOC is still hovering above the mid level, 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 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) 0.64544.

NZDJPY (Jan) – The monthly MACD already made a crossover toward the zero line and STOC is almost touching the mid level, 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) 72.383.

USDCAD (Jan) – The monthly MACD is hovering right above the zero line and STOC is going to touch the oversold level, but this is still a chance to sell it – This week we closed some of our positions and took a profit of 102 pips. 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) 1.30695 and (6) 1.30722.

USDCHF (Jan) – Monthly MACD is almost touching the zero line and STOC is reaching down to the oversold level, so it’s still a chance to sell it a little bit more – This week we closed some of our positions and took a profit of 80 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 and (4) 0.96994.

USDJPY (Jan) – Monthly MACD is going to make a cross upward to the zero line and STOC is going sideway at the mid level, so it is still a chance to buy this pair – We are now holding long positions at (1) 109.693 and (4) 108.651 and temporary short positions at (3) 108.311 and (5) 108.486 and (6) 109.227 and (2) 109.498.

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.