Unfortunately I’m just now getting around to working this morning and the markets already open. Equities were up yesterday, but closed closer to the lows on the day, and today there doesn’t seem to be a ton of momentum — looks to be stalling/basing right now. I’m going to just take the baskets at face value
USD [L] – This skyrocketed already today, but has pulled back a bit and gave up some of the gains. It’s currently sitting at some resistance, but I think this could push higher so I’m going to look for an opportunity to take this long
CAD [L] – Today’s candle looks like USDs candle. This has also recently pushed through some support and there’s a good amount of room for this to run between today’s high and the next level of resistance. I’ll see if there’s any opportunity here
EUR [N] – This rallied yesterday and is already up strong today. This is all coming off the heels of a large down-move, though, and an overall downtrend, so I’m not ready to take this long right now, and since it’s up so strong, I don’t want to short this. I’m going to come back to this tonight around 6 and try to find some opportunities that’ll trigger overnight with the news events that are happening
Today’s Pairs
GBP/USD – Short
USD/JPY – Long
NZD/USD – Short
GBP/CAD – Short
CAD/JPY – Long
NZD/CAD – Short
GBP [S] – This pushed lower yesterday and is down a bit again today. It’s sitting at some support that acted as resistance of the previous base, but if it can push through that, there’s a good amount of room for this to run just between today’s low and the low of the previous base.
JPY [S] – This pushed a lot lower today, too and is sitting at another level of support. Again, if this can push through that level, it has a ways to fall. I’ll see what this looks like paired against some currencies I’m bullish on
AUD [N] – This pushed lower today, but is still within the range it’s been making since that large drop at the end of January. I’m going to continue to leave this alone until it shows more signs of going in one direction or the other
NZD [S] – This pushed through some support today, but has pulled back and is currently sitting at that support level. I’d like this to push through today’s lows (not just it’s current price/entry point on a pullback) before I get into this, so we’ll see what the individual charts look like
CHF [N] – This has a similar story to EUR. It spiked this morning but coming off of a downtrend. I’m going to just leave this alone for today and see what it does tomorrow/next week