Equities closed higher again yesterday, and futures are showing that they’re slated to open slightly higher again. At this point, I don’t know whether it’s going to open higher and continue up, or if it’ll open higher and then immediately drop. I’m going to lean toward continuing higher, but for the most part, I’m going to take the baskets at face value.
USD – S – This ended up dropping quite a bit yesterday, and it pushed through some support. It’s down again today, and is sitting on another level of support that it’s already pushed through once today. I’ll look to see if there are any opportunities to short this
CAD – L – I think I want to look to take this long, but it doesn’t look viable at this point. This spiked yesterday, and then pushed up again today, breaking out of the high from last week that I wanted it to break. That said, it’s since pulled back a ton and is sitting almost at yesterday’s open. Since it’s pulled back so far, I don’t think there’ll be much opportunity here anymore, but I suppose I’ll look and confirm myself
EUR – N – This dropped quite a bit yesterday, after making a recent new high (though it stayed within a range it’s been in for a while), but is up slightly today. It’s nowhere near yesterday’s highs, and is up against some pretty strong resistance, so I’ll hold off on this
GBP – N – This is on another up-day and has pushed out of the base it was in. I’m not quite ready to say the trend has changed — especially since it’s since pulled back to within the base and is up against the resistance that makes up the top of that level. I’ll hold off on this for today
Today’s Pairs
USD/CAD – Short
AUD/USD – Long
NZD/USD – Long
CAD/JPY – Long
AUD/JPY – Long
NZD/JPY – Long
CAD/CHF – Long
AUD/CHF – Long
NZD/CHF – Long
JPY – S – This dropped significantly yesterday and again today. This is just reaching a level of support, but it’s not that strong of a level. I’ll look at individual charts to see if there’s opportunity to short this
AUD – L – It’s hard not to want to try to take this long. It’s been up-trending steadily for 2.5 months, and recently broke out of another high base. It’s up again significantly today, but is coming up to a pretty strong resistance level. I’ll still look to see if there is opportunity to take this long, but I won’t chase
NZD – L – This broke out of the high base I described yesterday, but only slightly, and has since pulled back to the top of that base. Since it did break out, this could be a simple pullback before another up-move so I’ll look to see if there’s any opportunity there
CHF – S – This broke below the range it’s been in since mid-April, and is heading down. I’ll see if there’s opportunity here