This is rare, I’m at the computer ready to work (somewhat, I haven’t meditated yet) before the market opens. I was trying to see how equities were doing and I can’t see yet lol. Unfortunately, this is probably the last time this will happen for a while.
Looking at futures, equities are pushing down this morning, and while they filled the gap yesterday and had a monster 2nd half of the day, everything else suggests more weakness in equities, so I’ll have that bias today
USD is up again today and while it failed at resistance yesterday, it’s near those levels today (equities spiked yesterday, might not get the same today). Looking at the hourly chart, the basket is forming a bit of a cup and handle, so I’ll look at this long today for sure
CAD is bouncing off of it’s 20MA on the daily chart and is right near resistance. This looks like it could be a good CAD day, so I’ll look long here
EUR, on the daily chart, only wicked into the prior base area, but closed yesterday just below the base. It’s already on a pretty good down-day, looking like it did retest, so I’ll look at this short today
Today’s Pairs
EUR/USD – Short
EUR/CAD – Short
EUR/JPY – Short
NZD/USD – Short
NZD/CAD – Short
NZD/JPY – Short
JPY looks good on the daily chart, but it’s not up against it’s own resistance area, it’s against a prior one. Looking at the hourly chart, I’m seeing some consolidation — higher lows and lower highs — so I think I’m going to hold off for now and maybe revisit later/tomorrow
AUD is up a little on the day after buyers took over before the close yesterday. I’m still bearish AUD, but it doesn’t look great today
NZD is in a nice low base, I’ll try to get a trade in there