Equities made a Doji candle on Monday — looks like sellers are losing momentum. That said, yesterday’s candle was only slightly up, and stalled at some resistance, and futures are up less this morning. I’m leaning toward risk-off this morning, but I’m open to both. I’ll see how the baskets look.
USD – L – This is up for the third day in a row, and up against some more resistance. This is the top-top end of the resistance levels it’s been stalling at, and there’s a lot of room for this to run if it breaks. I made a few pips in USD yesterday, let’s see if there’s more available
CAD – N – This had a nice spike yesterday, and then it stalled at resistance. Today, it’s pushed a bit higher, but is now sitting right near it’s open. Even if this were to push up again, I don’t love this to the downside, and I also don’t see a great place to short this here, so I’ll hold off. If I don’t see any other shorts that I like, I may revisit this, though
EUR – N – This is still ranging and doesn’t look poised to break out anytime soon. I’ll hold off
GBP – N – This is up a good amount after completing a nice bear rally. I’ve been overall bearish, though, and this move isn’t enough to signal a reversal. It’s also up against a pretty strong resistance level. I’ll hold off for today and see if it confirms a reversal or a return to the downside
JPY – L/N – After spiking on Monday, this made a small up-move yesterday, but failed to break above Monday’s highs. Today, it’s up slightly again, has pushed to slightly new highs, but has pulled back. This is a nice breakout point, so I’ll take a look at individual charts
AUD – S – This stayed below the 20MA and yesterday it closed below the 50. It’s down a good amount already this morning, and is sitting on some support. This looks like it has room to run, so I’ll take a look at this
NZD – N – I made a couple of pips on this last night — I could’ve made more, but I was asleep. Today, it’s continuing to push down, and is now at/near some pretty strong support. There’s a lot of wicks around current price, and the bottom of a lot of bodies, so there’s multiple levels I could see this stalling out at, so I’ll take a look at this later to see how it behaves through the day
CHF – N – This is basing, I don’t think I need to say much more right now