Market Watch

This week: 825 pips
This month: 1,945 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 90 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 temporary short positions at (6) 1.04100.

CADCHF (Feb) – Monthly MACD is making an attemp to go up back to the zero line and STOC is slowing down after apssing the mid level, but it’s still a chance to buy it – This week we closed some of our positions and took a profit of 41 pips. We are now holding long positions at (1) 0.74972 and (2) 0.74072 and (3) 0.74543 and (4) 0.74169 and (5) 0.73934 and temporary short positions at (6) 0.73840.

CADJPY (Feb) – 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 32 pips. We are now holding covered long positions at (3) 86.434 and (1) 83.385 and (2) 82.960 and temporary short positions at (4) 82.542 and (5) 82.994.

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 – 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) 1.45284.

EURUSD (Feb) – 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 – We are now holding covered long positions at (4) 1.18934 and (1) 1.14034 and (2) 1.12144 and (3) 1.11987 and (6) 1.10528 and (5) 1.09323.

GBPCAD (Feb) – Monthly MACD is still 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 114 pips. We are now holding temporary covered short positions at (4) 1.70088 and (1) 1.71106 and (6) 1.71641.

GBPCHF (Feb) – Monthly MACD seems unable to make an advance up after a crossover under the zero line and STOC is turning back to the mid level, but it’s still a chance to buy this pair – This week we closed some of our positions and took a profit of 107 pips. We are now holding long positions at (1) 1.27637 and temporary short positions at (5) 1.26387 and (4) 1.26750.

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 42 pips. We are now holding long positions at (1) 144.416 and (5) 143.527 and temporary short positions at (6) 142.193.

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 – 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 123 pips. We are now holding long positions at (1) 1.30315 and temporary short positions at (5) 1.29131 and (6) 1.30184.

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 60 pips. We are now holding covered long positions at (4) 0.89801 and (2) 0.89492 and (1) 0.88660 and (3) 0.89899 and (5) 0.85885 and temporary short positions at (6) 0.85146.

NZDJPY (Feb) – 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 – This week we closed some of our positions and took a profit of 23 pips. We are now holding long positions at (6) 76.046 and (5) 76.553 and (1) 74.764 and (3) 71.387 and temporary short positions at (2) 70.909.

NZDUSD (Feb) – 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 – This week we closed some of our positions and took a profit of 55 pips. We are now holding covered long positions at (3) 0.68673 and (1) 0.67420 and (4) 0.65022 and (2) 0.64833 and temporary short positions at (6) 0.64080 and (5) 0.64713.

USDCAD (Feb) – The monthly MACD is reluctant to go back to the zero line and STOC is going side way above the oversold level, this is still a chance to buy it – This week we closed some of our positions and took a profit of 53 pips. We are now holding long positions at (1) 1.32567 and temporary covered short positions at (4) 1.30454 and (6) 1.31283 and (5) 1.31281 and (2) 1.32237 and (3) 1.32551.

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 55 pips. We are now holding covered short positions (5) 0.96106.

USDJPY (Feb) – Monthly MACD already made a cross upward to the zero line and STOC is just passing the mid level, so it is a chance to buy this pair – This week we closed some of our positions and took a profit of 30 pips. We are now holding long positions at (4) 108.651 and (1) 109.756 and temporary short positions at (6) 109.731.

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.