I’m a little late again today, but it is what it is. I need to do better, and I’m slowly figuring out how.
Equities gapped up pretty far this morning, and stayed strong. I can already see that USD dropped (though it’s rallied a decent amount already, too). I’ll take the baskets at face value, with maybe a slight risk-on sentiment.
USD – N – As I mentioned, this dropped today, but has since rallied and is now above yesterday’s low. I like this to the downside when it can get back down to today’s lows and push through them, but that doesn’t look like it’s about to happen, so I’ll hold off
CAD – N – This has been kind of choppy, and while it’s somewhat trending up, it’s not doing so very clearly. At this juncture, I want to leave it alone, but it is near it’s lower trend-line, so there may be an opportunity to take this long late tonight/tomorrow
EUR – N – This is still ranging for the most part. It is up (though it’s stuck at some resistance), and coming off of a low, so there might be some opportunity to take this long. If I don’t see anything else I like to the upside, I’ll revisit this
Today’s Pairs
NZD/JPY – Long
AUD/JPY – Long
NZD/CHF – Long
AUD/CHF – Long
GBP – N – This looks like it might be rounding back to the upside — it’s been up5 days in a row, and made a new swing high yesterday. That said, today’s candle is fully within yesterday’s and price is currently sitting at the open. Maybe later today, if this starts to push up, I can look at taking it long, maybe tomorrow, but not right now
JPY – S – This is down a decent amount again today. It is stuck at some support, but if it can push through that level it could really move. Also, if we are in fact in risk-on mode, this should continue to drop. I’ll look to see if I can find a place to short this
AUD – L/N – This spiked once today, and pushed through a pretty major resistance level, but since then it’s pulled back and is sitting at the open. I’ll take a look to see if there’s a clear pullback/base on an individual AUD chart (creating this pullback I see in the basket), but I won’t chase
NZD – L – This is on another strong up-day, and today’s high is right at some resistance. I think if it can push through that level again, it has a lot of potential
CHF – S – This is down pretty strongly again today and is up against some support again. I’ll look to play a breakout of that support level if the setup and numbers are there