Markets are already open (and flat – up .5%). Diving in.
USD – L/N – This is still showing signs of strength, and today it finally pushed above the highs from last Friday. The issue is that these recent up-moves aren’t nearly as strong as the previous down-moves were. I’m not super convinced here, but I’ll look at a chart or 2 to see if there are any opportunities
CAD – N – This was down yesterday, but the entirety of that candle stayed within the previous one, and so far today, the same thing is happening with today’s candle (and it’s sitting pretty much right at it’s open). I see a lot of indecision here, so I’m going to leave this alone for today
EUR – S – This is continuing to look weak and while yesterday’s and today’s lows seem to be up against some support, I’m still comfortable shorting this, especially if it can break out of that support
Today’s Pairs
EUR/USD – Short
EUR/GBP – Short
EUR/JPY – Short
GBP – L – This pushed up through some resistance today and is sitting at another level, but it still looks really strong. I’ll see if I can make some pips here
JPY – L – This has continued to push higher over the last 6 days and has pushed above some resistance. It’s not the strongest candle right now, but it still looks like a good long play
AUD – N – This is continuing to pull back, but is up against some support. This hasn’t convinced me that it’s swinging to the downside yet, so I don’t want to short it, but it is down, so I’m not going to take this long today. I’ll hold off for this morning and revisit this afternoon/tomorrow
NZD – N – This is technically up a bit today, and has pushed higher than it currently is, but it’s sitting at it’s open and this is after a couple of some pretty strong down-days. I could look to short this, but I’d like this better if it were below yesterday’s lows. I’ll hold off on this for this morning
CHF – N – More of the same