A little late this morning. Diving in.
USD – S – I think I’m finally ready to short USD. It has moved lower over the course of the last 3 days and is continuing that today. It’s up against some support, too, so if it can break that level, I really like this to the downside. Also, it’s been moving steadily lower and equities have been moving higher, and futures are pointing to more strength in equities, so I think I’m comfortable shorting this today
CAD – N – While this is down again today, this has been pretty wild lately, so I’m not sure how convinced I am that It’ll push much lower. I’ll wait until this “normalizes” or at least begins to move in a way that I feel is more tradable
EUR – S/N – This is up a little bit right now, but it’s already pushed higher today and is sitting near it’s open. If this can reverse back to the downside, I like this as a short again/still
GBP – L/N – This is on it’s third up-day, but all three days have pretty long upper shadows. It tends to revers pretty strong after making big up-moves, but price remains higher than the previous open. It’s up against some resistance right now, which could bode well. I like this to the upside, but I don’t love it. I’ll look, but I won’t chase
JPY – S – This has been weak lately and it’s up against some support right now. This looks like a good short to me, today, so I’ll look at some charts to see if the opportunity is there
AUD – L – This has continued it’s strength after pulling back a few days ago — even pushing through some resistance. It’s currently at another level of resistance, but I still like this to the upside
Today’s Pairs
AUD/USD – Long
AUD/JPY – Long
NZD/USD – Long
NZD/JPY – Long
AUD/CHF – Long
NZD/CHF – Long
EUR/AUD – Short
EUR/NZD – Short
EUR/GBP – Short
GBP/USD – Long
GBP/JPY – Long
GBP/CHF – Long
NZD – L – This pushed higher, too, and is now looking like it has the potential to break out. I’ll see where I can take this long today
CHF – S – This looks like EUR, but is down on the day. It’s still up against some resistance, so this could be a good short if it breaks that level