I’m not sure what equities are doing. They pushed up above that 2-week range they were in, but has since pulled back. They’re up a bit again, today… I’ll take the baskets at face value for right now.
USD – S/N – There was a MA crossover in equities, and with that strength (seemingly) coming back, this should continue to be bearish. It rallied over the last couple of days, and finished a little up yesterday, but it’s down again today, slightly. There is some support at the current price, so I’ll look for a break of that level. I won’t chase here, but I’ll look
CAD – N – This is starting to return to some sense of normalcy, but I still don’t love it right now. Overall, this is down-trending, but it’s up as of Yesterday and today. I’ll still wait on this, but I’m happy to see it moving back into a pattern I’d be comfortable trading
EUR – S/N – After a rally on Thursday and Friday, this has been down yesterday and today. It’s sitting on some support right now, but if it break this, there’s a good amount of room between this level and the next support level. I, again, won’t chase, but I’ll look at this
GBP – N – This is basing and not moving much. I’ll hold off for at least this morning
Today’s Pairs
AUD/USD – Long
EUR/AUD – Short
AUD/JPY – Long
AUD/CHF – Long
NZD/USD – Long
EUR/NZD – Short
NZD/JPY – Long
NZD/CHF – Long
JPY – S/N – This is basing, too, but the only reason I might want to take a look at this to the short side is because it’s at the top of it’s base and is down a bit already today. There may be opportunity to play this to the bottom of that range
AUD – L/N – This was strong for a long time, had a pullback at the end of last week, and has been up so far this week. Maverick already made a profit on AUD long, and since I’m looking at USD short somewhat because of equities’ behavior, I should look at this long for the same reason. I won’t chase, but I will look to see if there’s opportunity there for me
NZD – L/N – This is still basing — an argument can be made that it’s at the bottom of the base and I could maybe play this to the top — now that I mention it, The MAs are slowly starting to flatten out and potentially move up as well, so I will look at this to the upside today
CHF – S/N – Looks a lot like EUR still, I’ll see if there’s opportunity to the downside