I suppose I can’t beat myself up too much. What did I expect after a 4-day weekend starting right after Haley’s birthday — all during Quarantine? It’s nearly 10 now, and I’m just getting started… Hopefully I can still find opportunities
Since equities have been open for so long at this point, it’s pretty clear the direction they’re heading and it’s upward, this is already reflected in USD, let’s see how the other currencies are behaving
USD – S – This pushed down quite a bit today, and equities have gapped up and have pushed a decent amount above the range it had been in for most of this month. USD is currently sitting right at support, so if it can push through that level, this could drop pretty far
CAD – N – This is mostly ranging, but at the same time is kind of making higher lows. I’m starting to become bullish here, but not quite yet. This peaked a week ago, and fell since then, but the last 2 candles are up again, so it may return to the upside. If it can do that, and push through last Tuesday’s high, I’ll look to take this long, but I’m going to leave it alone for right now
EUR – S/N – This has been pushing down again over the last 4 trading days. It’s currently sitting on some support, but it’s already pushed through that level once today. If it can push through that level again, this could have potential to the next support level. I’ll take a look at a couple EUR charts, but I won’t chase
Today’s Pairs
AUD/USD – Long
NZD/USD – Long
EUR/AUD – Short
EUR/NZD – Short
AUD/JPY – Long
NZD/JPY – Long
GBP – N – This is up a good amount today, but it appears to be up within a base. I don’t like this to the upside right now, so I’ll leave this alone. If it confirms a reversal to the upside, I’ll look to take it long, otherwise, I’ll watch for this to break support this week and continue to drop
JPY – S – This looks like USD, but it has already pushed through support. It’s sitting on another support level, but it’s not as strong as the previous one. I’ll look to see if there’s opportunity to short this
AUD – L – This pushed up through the resistance it’s been stalled at for most of May, and is currently up against another resistance level. If it can push through this one as well, this could make for a great long trade
NZD – L – This is up significantly, too, and has pushed out of the range it’s been in since late March. That says a lot about this up-move, so I’ll see if I can capitalize on it
CHF – N – This looks like it could be a good short, but at this point, the distance between current price and the next level of support isn’t very far. I can already tell I won’t like the R:R here, so I’ll leave this alone for today