Equities have been largely basing over the last couple of days, so I’ll just take the baskets at face value.
USD – N – This is still stalling at that support level it stalled at yesterday. Over the last week, this has been fairly weak, but overall I think it wants to push up. I’ll leave this alone for today
CAD – N – This had that big spike a couple weeks ago which made the trend look up, but it’s been mostly flat since then. Today, price is pushing down, and while it’s stalled on some support, there’s been a MA crossover to the downside on the 4h and 1h charts (the 1h happened a couple of days ago). I want to look at this to the downside, but I’m still not totally convinced.
EUR – L/N – This looks way extended, but it’s pushing up strong, so maybe it’s not that extended against something. I’ll take a look
Today’s Pairs
EUR/GBP – Long
GBP/JPY – Short
GBP/CHF – Short
EUR/AUD – Long
AUD/JPY – Short
AUD/CHF – Short
GBP – S/N – This is pushing down again today after a pretty weak yesterday as well, but looking at the 4h and hourly charts it looks pretty extended. There’s a pullback that just happened on the hourly chart, too, and it’s kind of deep which also gives me pause because there seems to be a lot of whiplash. I’ll take a glance at this short, and I’ll try not to chase
JPY – L/N – This broke a pretty strong resistance level yesterday, pulled back and based for most of the day, but is now up above that level again today. The movement looks slow unfortunately, but it is up and there’s some room to the next resistance level. I’ll take a look to the upside
AUD – S/N – This is still ranging, but again it’s in the middle of the range, sitting on some support, and there’s a good amount of room to the next support level. I’ll take a look at individual charts and not chase (lol)
NZD – N – This is down again today, but not a ton and overall I think it wants to push up.
CHF – L/N – Looks extended on the 4h but maybe not on the hourly. I’ll take a look