Equities have continued to push up since last time I looked last Wednesday, but not with a ton of strength. S&P has been the strongest, continuing to push to new all-time highs, but the DOW and VT are mostly basing around their all-time high levels. I don’t see a ton of movement there, so I’ll take the baskets at face value.
USD – N – For the last week, this has looked like it’s wanted to push down, but is having a really hard time breaking this support level. Overall, though, USD has been strong since the beginning of March, so I’m not ready to short this, so I’ll leave it alone this morning
CAD – N – On one hand, this looks like it’s forming a dip that could be bought in to, as it’s been overall quite strong since the beginning of March. On the other hand, though, March looked pretty extended and after quite a few strong days in a row, this had a pretty big pullback, made another push up to peak, but has been weak since — almost forming a head-and-shoulders pattern. I guess I say all of that to say that I have no idea where this is going, so I’ll hold off
EUR – N – This looked like it was making moves back to the upside, but it’s been so weak that I’d need a more substantial breakout and retest to consider this reversed. As of right now, it definitely looks like it has some strength, but I’m not sure how much it actually has/how far up it’ll actually push, so I’ll hold off
GBP – N – This looks like it may have hit a bit of a peak last Tuesday. I wouldn’t say it made a reversal move, but it’s pushed down quite a bit since then. It stalled at some support from mid-to-late March, but hasn’t quite been able to recover. I’m not ready to short this, but it doesn’t look like a good long play either, so I’ll hold off
JPY – N – Regardless of what I think about this today, there hasn’t been a ton of volatility in JPY for months. It’s had a day here and there, but overall hasn’t moved much within days. Looking at where it’s sitting today, I expect more of the same, so I’m not really going to entertain this today
AUD – N – This has been largely ranging since it had a huge spike at the end of February, but within that range, I’d say overall it’s been pushing down. Over the last 2 (trading) days this has been basing at the support level that was made when this dropped after the Feb. spike, and it’s tested that level 4 times now. I think price will start to push down, and this will be a good short when it finally breaks that level, but it doesn’t look like it’s going to happen anytime soon, so I’ll hold off
NZD – N – This had a large drop in late March, but looks like it’s been trying to recover since then. Price dropped and hit a trend-line that’s held up 3 times since 8/2020, and as of now, price seems to be retreating back to that level. It’s still a ways above it (with some support in between) so I’m not ready to short it today, so I’ll hold off
CHF – N/L – After being quite strong last week, and taking out a couple of resistance levels, this looks like it’s been basing over the last 1.5 days. It doesn’t look like it has a ton of strength behind it, but it does look like the strongest on the day. I don’t have any shorts right now, though, so I think I’ll just hold off and see what the JPY Comparison looks like