Equities are still slow-moving, and possibly range-bound. They dropped off of the highs yesterday, and while they’re up so far today, they haven’t gotten back up to those levels. That said, I glanced at AUD and it looks like it’ll be a risk-on day, so I’ll keep that in the back of my mind.
USD – S/N – This pushed down quite a bit today, but is still mostly within the low base it’s been in. It may have just broken below that base, but has rallied off of those lows. I’ll take a look at this to the short side, but I won’t chase
CAD – N – Yep, looks like this was just forming a bull-pullback as it’s skyrocketed this morning. It got up to some resistance, though, and now appears to be stalled at that level. It looks like I missed this one today, so I’ll hold off
EUR – N – This is up slightly today, but has long upper and lower shadows (as does the previous 4 or so days). This doesn’t look like it has much conviction in either direction, so I’ll hold off here for now
GBP – S/N – This dropped a ton today, and took out multiple levels of support. It’s currently sitting on a level that was resistance, that it hadn’t touched since September. I probably already missed this move, especially for today, but maybe there’s opportunity if I have a large risk window. I’ll take a look but I won’t chase
JPY – N – This, like USD, has broken that level of support/base it’s been in today. Unlike USD, though, I can see the next level of support, and it’s quite close to current price. I’ll hold off here
AUD – N – This had a great up-move this morning, but like some others, I see exactly where it’s stalled at and there doesn’t look like there’s much more room for this to run. It would have to push up above the highs from early September before I want to look at this again. I’ll hold off for now, but I’ll set an alert for that price level
Today’s Pairs
NZD/USD – Long
This is in a nice high-base on the daily chart — but playing this on the daily chart I’m only seeing a 1:1 at best. Dropping down to the hourly, though, and I’m not seeing anything tradable. I’ll hold off
GBP/NZD – Short
Like GBP’s basket, this has dropped strong already this morning, and it looks like I may have missed the move. I’ll keep an eye on it, though, maybe if it bases or something I’ll run the numbers
NZD – L/N – Know what, this looks like something I might be comfortable taking a shot at. This pushed up until the beginning of the month when it pulled back, but for the last 4 days it’s been somewhat basing, and maybe trying to push up. It’s pushed up quite a bit this morning, and stalled at some resistance, but if it breaks that level, there could be room here. I’ll take a look at this to the upside
CHF – N – Other than the last 2 days, this has been pushing up for the whole month. This morning, it did push up and make a slightly higher high, but has since dropped. This may be basing, or maybe pulling back, but I don’t want to short this here and it’s not ready to go long yet, so I’ll hold off