USD [L] – Yep, yesterday definitely changed my mind, and looking at the chart now, I’m still bullish on USD. Let’s see if there’s something good to short against it
CAD [S] – the last two candles, while they were up, have long shadows. It looks, to me, like buying pressure is slowing and this is in a bear rally. I’m going to look to short this if there’s momentum
EUR [N] – Yesterday’s analysis is almost completely negated by today’s activity. I’m going to leave this alone again
GBP [N] – This is still in that high and tight base. It hasn’t had a ton of movement, and it’s ATR is down a lot. I don’t think there’s a lot of momentum here, so I’ll continue to leave this alone for now
JPY [N] this is up today, but it’s still in that tight low-base pattern. I’ll try to keep my eye on JPY pairs, in case something takes off, but I like this to the short side and it’s up right now, so I kind of want to leave it alone
AUD [L?] – This kind of gives me pause. Over the course of the week, this was steadily moving higher, even breaking through some resistance. Today, though, it’s down a decent amount. This is probably a pullback, especially since there’s a decently long lower-shadow, and it’s not coming close to yesterdays lows, so I’m going to remain bullish on this, but I’m open to short if the opportunity arises
NZD – Looking at it’s basket, it’s shown relative weakness over the course of this week, and comparatively (using JPY), it’s been the one of weakest currencies over the last couple of days. That said, it’s basket chart, over the course of 2 weeks or so, is showing signs of beginning an uptrend — also, it’s been somewhat ranging for a while now. I think I’m going to go ahead and leave this alone for today, and then see what happens next week
CHF [S] – This has been showing signs of down-trending, but has been failing at a level that is support now, and has acted as resistance in the past. I like this to the short side, especially if it can push through support
Today’s Pairs
USD/CAD – Long
AUD/CAD – Long