Market Watch

This week: 1,398 pips
This month: 4,289 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 (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 (4) 0.74169 and (6) 0.73749.

CADJPY (Jan) – Monthly MACD is going up slowly to the zero line and STOC is already passing the mid level on its upward to the overbought level, it’s still a chance to buy it – This week we closed some of our positions and took a profit of 70 pips. We are now holding covered long positions at (3) 86.434 and (1) 83.385 and temporary short positions at (5) 81.914 and (4) 82.070 and (6) 82.450.

EURCAD (Jan) – Monthly MACD is starting to slow down on its way downward from the zero line and STOC already made a crossover upward from inside the oversold area, so it’s a chance to buy this pair – 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) 1.45532.

EURGBP (Jan) – The monthly MACD already passed the zero line on its way downward and STOC is right below the oversold level, but this is a chance to buy it – This week we closed some of our positions and took a profit of 93 pips. We are now holding long positions at (1) 0.88494 and (4) 0.87841 and (2) 0.86788 and (6) 0.85714 and (3) 0.85403.

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. This week we closed some of our positions and took a profit of 44 pips. 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) 9.91951.

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 46 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) 1.11014 and (6) 1.10528.

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 190 pips. We are now holding short positions at (4) 1.86906 and (6) 1.88827 and (3) 1.90916 and (2) 1.91613.

GBPCAD (Jan) – Monthly MACD is trying to reach up to the zero line after a crossover and STOC is going sideway under 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 152 pips. We are now holding long positions at (5) 1.72876 and temporary covered short positions at (4) 1.70088 and (1) 1.72188.

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 – This week we closed some of our positions and took a profit of 247 pips. We are now holding long positions at (1) 1.27637 and (6) 1.25964 and temporary short positions at (5) 1.26387.

GBPJPY (Jan) – The monthly MACD is on its way upward to the zero line and STOC is trying to reach 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 159 pips. We are now holding long positions at (1) 144.416 and (5) 143.527 and temporary short positions at (2) 141.381 and (3) 141.474.

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 148 pips. We are now holding short positions at (5) 1.95287 and (6) 1.96113 and (2) 1.98070 and (4) 1.98214 and temporary long positions at (1) 1.99116.

GBPUSD (Jan) – Monthly MACD is reaching up slowly to the zero line after a crossover and STOC is going sideway right under 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 86 pips. We are now holding long positions at (1) 1.31400 and temporary short positions at (6) 1.29445 and (5) 1.29833.

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 80 pips. We are now holding short positions at (4) 1.30454 and (6) 1.31283 and (5) 1.31281 and temporary covered long positions at (1) 1.32361 and (2) 1.31654 and (3) 1.31324.

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 34 pips. We are now holding covered short positions (5) 0.96106 and temporary long positions at (1) 0.97315 and (2) 0.97865 and (3) 0.97296 and (6) 1.29965 and (4) 0.97108.

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 – This week we closed some of our positions and took a profit of 49 pips. We are now holding long positions at (4) 108.651 and temporary short positions at (3) 109.111 and (5) 108.486 and (6) 109.227 and (2) 109.498.

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 – 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) 8.99867.

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.