Long weekend, and getting an extremely late start this morning. I’m going to figure a way to better implement fundamental analysis into my analysis each day, but for now I’m going to say that equities are relatively flat still, and down a little on the day (though they’ve already rallied a bit from the day’s lows). Looks like there could be some risk-on sentiment, so I’ll try to keep that in mind.
USD – N – After 2 large down-days, this is on a bit of a rally. I don’t want to take this long, especially with the sentiment, so I’ll leave this alone for now
CAD – S/N – This had a lot of indecision behind it right now. It pushed out of the top of the descending triangle a bit, but is currently sitting at that upper level. Overall, I’m bearish here, and it might turn around, so I’ll take a look at shorting CAD
EUR – N – This rallied at the end of April, but returned to weakness at the beginning of may, and had been down since then. Today, price has spiked a bit. I don’t want to take this long at this point, so I’ll hold off on EUR
GBP – N – Since the beginning of may, this has been down. Friday’s and today’s candles, though are both up (though today’s didn’t quite reach Friday’s highs and Friday closed almost at it’s open). I don’t want to take this long here, and it’s up so I don’t want to short it, so I’ll hold off
JPY – S/N – This rallied at the beginning of the month, but for the last 3 trading days, it’s been down. It’s sitting on some support, that it’s already pushed through today, so if it can push through again, this could be a decent short opportunity
AUD – N – This dropped right at the end of April, but rallied back up at the beginning of May. It reached the highs it did at the end of April, but hasn’t been able to push higher. Today, it’s down a little bit, too. I’ll hold off on this for this morning and revisit later to see if it’s rallied again
NZD – N – While this isn’t really making higher highs, it is making higher lows. Today, though, it gapped up, but dropped pretty significantly. This has been ranging, so there could be a case to be made that I could try to short this to the bottom of the range, but I don’t like that right now — maybe later today or tomorrow. I’ll hold off on trading this for now
CHF – N – Same as EUR