Equities gapped up this morning, but are still within the range they’ve been in all month. They could continue to push up here, but they’re not too far away from some resistance — that said, world equities have broken to new all-time highs this morning. It looks like it might be a risk-on day, so I’ll lean toward that this morning.
USD – N – This pushed down this morning and actually made a new low under some support, but rallied pretty far off of that low. It’s up more than I’d like it to be, now, so I’ll hold off
CAD – N – This is a bit confusing because on the daily chart, this is showing that it spiked this morning and pulled back from that high, but on the 4H and 1H charts, I’m not seeing price reach that level. Regardless, this is up a bit on the day, but isn’t quite as high as the top of the range/resistance area, and on the hourly chart it looks a bit extended, so I’ll hold off here
EUR – N – This had pushed down this morning, breaking some support, and then it rallied quite a bit. The low didn’t get low enough that it looks like it’ll break the next level of support, so I don’t want to short it, and it hasn’t pushed up high enough to suggest it has a lot of strength behind it, so I’ll hold off here
GBP – N – This ended up dropping most of yesterday after nearly reaching new highs above some resistance. Today, price is up a bit, and on the 4H chart it looks to be bear-rallying. It’s too deep of a pullback, though, so I’m going to hold off here
JPY – S/N – This dropped quite a bit yesterday, and is pushing down quite a bit today. Now, it’s sitting on top of a pretty strong support level that it’s stalled at 4 times since August. It has pushed through this level once in that time span, though. I don’t think it looks extended, but it does look like I may have already missed my entry. I’ll take a glance at individual charts, though
AUD – L/N – This is up strong this morning, but has stalled out at some resistance. Looking at the 1H chart, there appears to be a nice bull pullback, and the 4H chart is starting to form a nice base. This might actually push up past this resistance area. I’ll take a look at individual charts here
NZD – N – This broke up above some resistance this morning, but relatively quickly pulled back. Looking at the hourly chart, this based a little, but has pushed below the low of the base. It appears to have pulled back too deep for my tastes, so I’ll hold off here
CHF – N – This has pushed down a good amount this morning, making a new recent low, but has rallied since. Looking at the hourly chart, the rally looks pretty far — almost too far to be tradable — but that doesn’t really appear to be the case on the daily chart. Maybe that’s just due to scale. I think I’ll hold off here