Unfortunately I’ve been extremely tired these last few days and haven’t gotten to work by 8. Today, I was looking at the charts around 8:25, so I had my eye on them when the markets opened, but I hadn’t really started my analysis.
S&P Futures were up for a while, and just at the open they dropped significantly, but they regained a lot of those losses pretty quickly. The S&P itself gapped up, but as of right now hasn’t moved much. USD is down on the day already, but it’s hard to say how long that’ll last. I definitely won’t be taking new USD positions and will just monitor my current one. We’ll see what JPY is doing
USD [N] – This dropped pretty significantly today after running into some resistance yesterday. I’m long here currently, though, so I don’t want to short it. Here’s to hoping it turns around before I get stopped out
CAD [N] – Showing more indecision today. If there’s nothing else to look at, I’ll look to this to the downside, but I don’t want to chase, this could go either way
Today’s Pairs
EUR/AUD – Short
GBP/EUR – Long
GBP/JPY – Long
AUD/JPY – Long
EUR [S] – While this did push through some support and pullback, stalling at that same level, it’s down over the last few days and I definitely think this could push lower. Let’s see if there’s anything strong to pair against this
GBP [L/N] – I don’t feel super comfortable taking this in either direction because it’s been basing, but if it can break out of this range, I think it could push much higher (at least temporarily — 1 – 2 days). I’ll only set an entry point here if it’s outside of a breakout range, not on a pullback or anything
JPY [S] – This is on a long-term downtrend and it’s down today with the S&P being up. I like this to the downside, let’s see if there’s opportunity somewhere to short this
AUD [L] – This is on another up-day today and looks to have pushed through a couple levels of resistance. It is stalled at another level of resistance, but this has shown signs of reversing back to the upside, so I’m comfortable going long here
NZD [N] – This is up a bit today, but I’m hoping it stalls soon and drops because I’m currently short NZD. I don’t like it to the upside right now (not enough signs of it being strong) but it is up so I don’t want to take a new trade to the downside, so I’m going to leave it alone for today
CHF [N] – After it’s short rally yesterday, this has pulled back today but it seems to be stalled out at some support. I don’t want to short this with the strength it’s been showing since the beginning of the year (and going further back) but I don’t want to go long today either, so I’m going to leave it alone