Equities futures spiked today, but aren’t quite making new highs. Still, I’m going to assume a risk-on sentiment today.
USD – S/N – This has returned to the downside after a couple days of strength. Today, it stalled out at some resistance, and has rallied a bit. There’s a bit of room between the low and the next support level, so we’ll see if there’s any opportunity there
CAD – N – This is continuing it’s low-base, and is up a bit today. I don’t like this to either side right now, so I’m going to leave this alone
EUR – S/N – This is still just moving sideways. There could be a case made that this is at a support level within the range, and it could push through and reach the bottom of the range, so I’ll take a look to see if that makes sense on any individual charts
Today’s Pairs
AUD/USD – Long
EUR/AUD – Short
AUD/CHF – Long
GBP – N – This didn’t look like something I was comfortable with trading yesterday, and it doesn’t look like that today — that said, this did push quite higher yesterday through today, so the trade Maverick took worked out, I just don’t see how this came on their radar. Regardless, if I were to take it long, yesterday would’ve been the day to do it. It’s now reaching the top of it’s range and running into some resistance. I’m going to continue to leave this alone for now
JPY – N – This dropped quite a bit this morning, but has rallied back to near it’s open. It’s also stuck at some resistance at this level, and today’s low got stalled at another level of resistance. I’ll look to take this short later in the week, maybe (maybe later today) when this pushes through those levels of resistance
AUD – L/N – This pushed higher, reached some resistance, and then pulled back and is now stuck at another (weaker) level of resistance. If this can push out of the day’s highs, it could be a good long trade, but it is quite a ways away from that level in it’s basket. I’ll look at individual charts to see if there’s opportunity there
NZD – N – This is actually down on the day, when in a risk-on environment, you’d expect this to be up. That said, it’s only down slightly, and this is beginning to look like a base. I might be aggressive I shorting this when/if the market turns back over, but for right now, I’m going to leave it alone
CHF – S/N – This pushed lower today, reached some resistance and then rallied back to near it’s open. If it breaks today’s low, it’ll break a decent support level, and there may be opportunity to make some money to the next support level. I’ll take a look at a couple of charts and see