Equities have reversed a bit today, as they gapped down. There appears to be indecision, though, as price hasn’t moved much at all from the open. That said, USD and JPY are both up and AUD, NZD and CHF are down slightly so it looks like there’s risk-off sentiment right now, that doesn’t bode well for my current trade, but there’s potential for equities to move up again. Either way, I’ll keep this in mind while going through RSW this morning.
USD – N – This is sitting basically right at it’s open, and while it’s pushed higher and lower on the day, it’s still fully within yesterday’s candle. When/if this breaks yesterday’s low, I might look to short it, but I’ll hold off for this morning
CAD – N – I think I’m beginning to be officially bullish CAD. That said, today it’s down again, so I don’t want to touch it right now. It is right at that lower trend line, though, so if it follows what it’s been doing since the beginning of May, there might be opportunity to take this long later tonight/tomorrow
EUR – L/N – This is ranging, but is up for the second day in a row. While it’s stalled at some resistance, it has some room before the top of the range if it can break that level. I’ll take a look at a EUR chart(s) and see if there’s any opportunity, but I won’t chase
GBP – N – This pushed up out of it’s base on Tuesday, but has since pulled back right back into that area. I’ll hold off for now, and see how this behaves in the coming days
JPY – N – After 7 down-days in a row, this is up slightly today. I don’t want to short this at this juncture, and I definitely don’t want to take this long, so I’ll hold off for at least this morning — I’ll revisit this afternoon to see if it dropped
AUD – N – This spiked again yesterday, but ended up pulling back and closing close to it’s open. Today, it’s down slightly, and hasn’t moved much. I’m overall bullish AUD, so I’m not going to short this, and I’ll need it to break out of yesterday’s high to take this long, so I’ll hold off for now
NZD – N – There’s a lot of indecision in NZD right now apparently as it hasn’t moved much on the day and currently is sitting right at it’s open. I like the trade I’m in, but I don’t like this enough to take another position so I’ll hold off
CHF – N – This kind of spiked overnight and has remained up so far (though it’s pulled back a decent amount from it’s highs). I’m bearish here, so I’d leave this alone at this point, but I am already in a CHF trade. I obviously don’t want to take another position in CHF, so I’ll just monitor my current one, and hold off on trading this for a bit