Futures are up slightly this morning, but barely. It doesn’t look like enough to really shake out equities, so I’ll take the baskets at face value.
USD – N – This is low basing. It might be trying to push up, looking at the hourly chart, but there’s not a lot of momentum behind it. I’ll hold off
CAD – S/N – This is pushing down a good amount this morning and is stalled at some support. I’ll take a shot if it looks like it can break this level
EUR – N – This is up a bit on the day, but at the bottom of a fairly strong down-move and it’s failed to break above yesterday’s highs. I’ll hold off here
Today’s Pairs
NZD/CAD – Long
CAD/CHF – Short
GBP – N – This pushed down again today, and is stalled at the top of the previous range. This could push down back to within the range and be a nice short, or this could be where it stalls and pushes back up offering a nice long. I’ll set a couple alerts, but I think I’ll hold off
JPY – N – This looks like USD. I’ll hold off
AUD – N – This has mostly been basing at the top of the up-move it had starting at the beginning of the month, though it might look like it’s heading back downward looking at the hourly chart. On the daily chart, also, there’s a lot of large wicks and small bodies, which I don’t love. This looks like the inverse of USD and JPY, so I’ll hold off
NZD – L/N – After spiking up strong for 2 out of the last 3 days, this looks like it’s stalling again. IT’s basing at the top of it’s move, so I’ll take a look at this above the highs
CHF – L/N – This pushed down strong over the last couple of days, and appears to be bouncing off of the lows. It’s basing on the daily chart, but looks like it may have made a bit of a trend-changing move on the hourly chart. I don’t want to rush, so I’ll hold off, this is sitting at the 20MA on the 4h chart. I’ll take an unconventional glance at this to the upside and I might chase because that’s what I do…