Equity futures pushed up a TON this morning, making new all-time highs. It looks like AUD and USD (at least) have already reacted a bit, so I’m definitely looking at a risk-on day.
USD – S/N – This pushed down a lot today and took out lows that have held up since June 2018. Things look a bit extended but I’ll still look at this to the short side
CAD – N – This spiked a ton this morning as well, but this does look extended. Today’s candle has taken out the last 4 down candles, and it pushed up and stalled at a pretty strong resistance level. Even if this does push up further, it’d have to stall at this level for a few hours before I’d decide to trade it, so I’ll hold off for now. Maybe revisit if I don’t like anything else to the up-side
Today’s Pairs
AUD/USD – Long
NZD/USD – Long
EUR – N – This has been whipsawing for the last couple of days. I still like this reversed to the upside, but it doesn’t look like it has a ton of conviction to push up today behind it. I’ll hold off here for today/this morning and see how things shake out
GBP – N – This has continued to swing rather wildly, and stay within it’s longer-term range. I don’t love this — I’ll hold off
JPY – S – This has dropped a ton this morning, so much that it’s making me nervous. I haven’t seen this large of a move in one morning maybe ever. It’s stalled at some support, so the argument could be made that it could push through this level too and continue down, but it’s already down so much… I’ll keep an eye on it, but I’m going to hold off for right now
AUD – L/N – This spiked up quite a bit this morning and stalled out at some resistance. It looks a little extended on the hourly chart, but appears to be starting to base/pullback, maybe. I’ll take a look at this to the upside, there might be some more opportunity for this to push higher
NZD – L/N – This has spiked up a whole lot this morning, too — determining if something is extended or not is the big issue. This one does look extended right now, and looks like it’s pulling pretty far off of the highs. I’ll… I suppose I’ll take a look since it’s a risk-on play, but I won’t chase
CHF – N – This looks quite extended, like JPY. I’ll keep an eye here, too, but I think I’ll hold off on trying to trade