Equities are mostly flat, will take the baskets at face value.
USD – N – I suppose, in thinking this would drop yesterday, and it didn’t, that’s a sign of strength. That said, equities weren’t really up yesterday, so that might be why this didn’t drop. Equities are mostly flat today, and so is this. I’ll hold off
CAD – S/N – This, even during it’s time of extreme volatility, has been making lower highs, but the lows have been relatively consistent. This is up against that low, now, and it looks like a descending wedge. If this can break that level, it might drop pretty far. I’ll see if there’s any opportunities to trade this
EUR – S/N – This is down another day, and there’s still some room before it’s low, so I’ll see about shorting this again
Today’s Pairs
CAD/JPY – Short
AUD/CAD – Long
EUR/JPY – Short
EUR/AUD – Short
GBP – N – This is down another day, but it’s at one support level now (the one that made up the base a couple of weeks ago) and the next one (the low it made after it pushed out the base slightly) isn’t too far away. I’ll hold off on this for this morning
JPY – L/N – This is up a good amount today, and is at some resistance. From here and up (if that makes sense) there are a few levels that price has stalled at in the past, so I’m not sure how far this could go, but I’ll look at individual charts and see if there’s any opportunity
AUD – L/N – This is up slightly today, as it was yesterday and the day before. There doesn’t seem to be a ton of momentum behind it, but it is at some resistance, so that could change if it pushed through that level. I’ll take a look and see, but I won’t chase
NZD – N – This is still basing. I thought I could grab some pips in this between the low of it’s base and the high, but it didn’t work out that way. I’m going to leave this alone for now
CHF – N – This has made a new low today, but as of now, it’s sitting right near it’s open. I don’t love that, so I’m going to wait and check on this this afternoon