I’m going to do a more “abridged” analysis this morning as it’s Friday and I don’t need to trade. That said, I’m only at 2 on the week, so I do want to see if I can find any opportunities.
USD [N] – This is on a much larger drop than it made yesterday (and actually, it recovered yesterday and finished up), so I don’t want to play this today
CAD [L/N] – This pushed to new highs bus has pulled back and is sitting at some resistance. I’ll look to take this long but I’ll try not to chase
EUR [N] – Down for the second day, coming off an uptrend I don’t want to touch this (I’m not ready to short it yet). Disclaimer if there’s NOTHING else to short, I’ll revisit this
Today’s Pairs
EUR/CAD – Short
CAD/JPY – Long
CAD/CHF – Long
GBP [N] – This is up strong after the downtrend, but isn’t making new highs. I’m going to leave it alone
JPY [N] – See: EUR
AUD [N] – This is making moves that could potentially sway me to the bull side of this currency, but those moves haven’t come to fruition yet, so I’m going to leave this alone
NZD [N] – This is up a bit on the heels of a downtrend, but it’s not making new highs (or new lows right now, really), so I’m just going to leave it alone
CHF [N] – See: EUR