Market Watch

This week: 1,120 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 (Feb) – 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 – This week we closed some of our positions and took a profit of 68 pips. We are now holding covered temporary long positions at (4) 1.06827 and (2) 1.05977 and (1) 1.06213 and (3) 1.05050 and (5) 1.05636 and (6) 1.04367.

EURCAD (Feb) – 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 – This week we closed some of our positions and took a profit of 58 pips. We are now holding covered long positions at (3) 1.62962 and (5) 1.50088 and (1) 1.49477 and (4) 1.49137.

GBPAUD (Feb) – 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 192 pips. We are now holding short positions at (4) 1.86906 and (6) 1.88827 and (3) 1.90916 and (2) 1.92011.

GBPCAD (Feb) – 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 123 pips. We are now holding temporary covered short positions at (4) 1.70088 and (1) 1.71106.

GBPCHF (Feb) – 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 131 pips. We are now holding long positions at (1) 1.27637 and (2) 1.26922 and (4) 1.26314 and temporary short positions at (5) 1.26387.

GBPJPY (Feb) – 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 168 pips. We are now holding long positions at (1) 144.416 and (5) 143.527 and (2) 142.550.

GBPNZD (Feb) – 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 75 pips. We are now holding short positions at (5) 1.95287 and (6) 1.96113 and (2) 1.98070 and (4) 1.98214 and (1) 1.98925 and (3) 2.00152.

GBPUSD (Feb) – 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 116 pips. We are now holding long positions at (1) 1.30315.

NZDCAD (Feb) – 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 35 pips. We are now holding covered long positions at (4) 0.89801 and (2) 0.89492 and (1) 0.88660 and (3) 0.89899.

NZDUSD (Jan) – Monthly MACD already made a crossover back to the zero line and STOC is trying to reach up higher from the mid 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 (4) 0.65514 and (2) 0.64833.

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 – We are now holding short positions at (4) 1.30454 and (6) 1.31283 and (5) 1.31281 and (2) 1.32237 and (1) 1.32858 and (3) 1.33044.

USDCHF (Feb) – 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 110 pips. We are now holding covered short positions (5) 0.96106 and temporary long positions at (1) 0.97573 and (2) 0.97865.

USDJPY (Feb) – 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 44 pips. We are now holding long positions at (4) 108.651.

USDNOK (Feb) – 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) 9.13716.

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.