Equities are basing around the all-time high level, and while it’s made new highs recently, it hasn’t been able to hold on to that strength. I’m going to play everything within it’s range today if there’s anything that looks promising, but I’m not looking at breakouts and taking the baskets at face value.
USD – N – This pushed up a couple days ago, despite breaking support and making a new swing low. Since then, it’s been sitting at some prior resistance, but staying within a range. I don’t love this to either side right now, so I’ll hold off
CAD – N – This formed a pretty good bull-pullback this week. It spiked last Thursday, pulled back until Tuesday, when it touched the 50MA (they still haven’t crossed yet), Wednesday it had a nice up day, Thursday it made a new high and broke the top of the bull move before the pullback, but ultimately closed at the open and today has pushed up and down, but is sitting right near the open and is still fully within yesterday’s candle. I don’t love this so I’ll hold off
EUR – N – This is down pretty significantly today, and it pushed back into the range it was in at the beginning of the month. This has already stalled at the support level of that range and rallied, so even if this pushes back down, I don’t think it’ll go much further than the day’s lows and I don’t see a scenario where I want to take this long today, so I’ll hold off
GBP – S/N – Again, after pushing up yesterday and making another high, this pushed up this morning but has already taken back almost everything it gained yesterday. It appears to be trying to push up, but we’re having huge up days followed by huge down-days. I’ll take a look at this to the short side, as there is some room before the bottom but I won’t chase. I might look to take this long on Sunday, though
JPY – L/N – Man, I just said I don’t want to play any breakouts, but this looks very promising. JPY is on it’s 6th up-day in a row, and is right up against a pretty major resistance level. If this can push up today, it looks like a great opportunity. Also, I need something to take long against GBP, so I’ll take a look
AUD – N – This is down again today and still ranging. Also, it’s only down slightly and the candle is fully within yesterday’s candle. I don’t see much conviction here, so I’ll hold off
NZD – S – I’m definitely bearish NZD right now, but it’s up a decent amount on the day and fully within yesterday’s candle. I don’t think it’ll return to the downside today, but I’ll keep an eye on it. Either way, I think I’ll look to short this on Sunday — if I actually work on Sunday
CHF – L – This had a huge spike-down on Wednesday but yesterday gained back nearly everything it lost on Wednesday. Today, price is down again, but sitting near the top of yesterday’s candle (but within it). I wouldn’t be super surprised if this pushed back up today, so I’ll keep my eye on it, but I don’t think there’s any reason to look at individual charts quite yet