I did a weekly (at least beginning of the week) analysis yesterday, so I’m largely going to dive into the pairs/directions I saw then. I’ll do another update tomorrow to see where we stand.
Equities are in fact pushing down again this morning, but as of right now, price is sitting on a strong support level, that currently coincides with the lower band. We could see further weakness in the coming days
GBP is still sitting near it’s highs, so the trend is still up, but it’s down a bit on the day, and is basing a little now. Still looks like that momentum could be running out, so I’m going to continue to hold off there
NZD looked like a strong short outside of some support, and looking at NZD/USD right now, there’s a pretty base that’s formed on the hourly chart. I don’t have a target or anything right now to run the numbers, but I like what this looks like right now
NZD/CAD is also pushing down and is forming a decent base on the hourly chart. There’s more of a rally that I see on the hourly chart, but still could be good. I’ll run the numbers here
AUD/CAD also looks promising, as it’s pushing down fairly strongly and there’s a bear rally that’s formed on the hourly chart. Looking at the daily chart, this is also sitting on top of a pretty strong support level. I could argue a reverse cup-and-handle on the 4h chart, too, so maybe I be more patient with this and pull the trigger when/if that forms
I also see another reverse cup-and-handle in NZD/JPY, I’ll try to wait until that flushes out before pulling any triggers here
NZD/CAD has been basing on the daily chart since the beginning of December. Today, price is at the bottom of the base, it pushed through the lower band, but has already come back up above it. I might look to play this range — I’ll run the numbers anyway and then make a determination on whether to pull the trigger in my real or demo accounts