Equities aren’t doing much today. Another day where I’m mostly going to focus on the baskets themselves.
USD – N – This is on a nice spike today, but hasn’t gotten close to yesterday’s highs, which were lower than the previous day’s highs. Overall, I shouldn’t have looked at this short yesterday, but either way, I don’t love it much further up today, so I’ll hold off
CAD – L – Today’s candle right now looks exactly like yesterday’s except it’s an up-candle instead of a down one. Overall, CAD has looked weak, but since mid-July looks like it’s been making some reversal moves. IF this can break out of the day’s highs/this resistance area, this actually might be a good play. I’ll look at this to the long side
EUR – N – Should I try to trade this range again? I’m going to say no because in the basket I see the lows of the range closer to 1.3 and price hasn’t quite reached that yet. I’ll hold off here, and maybe revisit next week
GBP – N – Price has pushed up and down a bit on the day, but has stayed within yesterday’s candle, and is now sitting right at it’s open. I see a lot of indecision here, so I’ll hold off
JPY – N – This is up a bit on the day, and it did take out yesterday’s highs, but it still looks like it’s making a lower high from the prior ones. What I’m trying to say is, this looked strong, but it’s making some reversal moves, so even though it’s up today it looks like it’s trending down. So, I’m going to hold off for today
AUD – S – This is pushing back down again today, but it’s still above yesterday’s lows which were just above a support area. I like this to the downside, obviously, but it doesn’t look like it’s really pushing down much today. I want more conviction before I look to short this (but maybe it’s a scenario where I enter an order and it doesn’t trigger until later). I’ll take a look at it to the short side and hope for a pattern
NZD – N – This had a bit spike yesterday, but is down almost equally as much today. This is also sitting above a support area that was prior resistance, and has largely been moving sideways for the last month. I don’t love this in either direction, so I’ll hold off
CHF – N – This is up a bit on the day and is maybe starting to base. This, I’m sure, is still quite weak, so I’ll look at shorting it tomorrow or next week