Equity futures have fallen a decent amount already this morning — close to 1%. I’ll definitely keep a risk-off sentiment in the back of my mind when going through RSW this morning.
USD – N – As equities rose over the last few days, this continued to drop. Now that equities are reversing, this too is showing some signs of strength today. It’s up quite a bit, so I don’t see a scenario where I’d want to short this, even later today, so I’ll hold off
CAD – N – This is officially ranging again, and I don’t really have a sentiment on it at all right now. It was somewhat trending up, making higher highs and higher lows (while kind of whipsawing, but still, trending up), but today’s candle pushed through the lower trend-line, and it looks more like a range. I’ll hold off on this for now
EUR – L/N – This is still ranging, and is up a decent amount today, and is in the middle of the range. That said, at this level in the range, there’s a pretty strong support/resistance area, but it’s been able to push through that area within the range, so it could certainly again. I’ll take a look to see if there’s any opportunity there
GBP – N – There seems to be a lot of indecision in GBP right now. Both today’s and yesterday’s candles have fairly large wicks and fairly small bodies. It’s also ranging, and while it’s kind of in the middle of the range, it has already pushed a lot lower than that on the day and has pulled back to the open. I don’t like how this is moving right now, so I’ll hold off
JPY – N – This was steadily down as well, as a result of the increases in equities (among other things, I’m sure), and is up today almost 1%. Unlike USD, though, this also was up yesterday — maybe this “leads” USD? Something to think about. Regardless, I don’t want to take JPY long, and since it’s up over the last couple of days, there’s no opportunity to short, so I’ll leave it alone
AUD – N – Like USD and JPY but opposite, this had been up quite strong on the strength in equities, but now that they’ve paused/reversed, this is doing the same. I’ll hold off on this today
NZD – N – Same as above
CHF – N – This is in a similar boat as everything else, it’s pattern just isn’t as well defined. But, this was down for the most part over the last few weeks, and has spiked today. I don’t like it to the upside, so I’ll hold off