First time doing this in 2 weeks, and frankly, I don’t feel great about doing it today… What’s the point if I keep losing money? I need to figure something out. That said, I can’t do nothing, so… here goes.
Equities seem to be steadily pushing up, but not with a ton of conviction. Listening to the webinar yesterday, it sounds like markets are pretty directional, though. I’ll largely take the baskets at face value this morning.
USD – N – This is low basing, and hasn’t moved much in 3 days. I don’t love this here, so I’m going to leave it alone
CAD – N – This is up a bit today, but is just sitting at the top of a big spike that happened on Friday. It also hasn’t gotten as high as yesterday’s highs, either. I’ll hold off here
EUR – N – This is up a good amount today, but that’s coming off of a 3-day pullback. It’s nowhere near the highs it made before the pullback, so I’ll hold off here
GBP – N – This is down quite a bit this morning and looks quite weak. That said, it had a huge spike down yesterday (before it rallied and closed near the open) and today’s price hasn’t gotten close to that, and it’s currently stalled at some support. I’ll hold off here, too.
JPY – N – This is low basing, too, and is actually near the top of the base. I’ll hold off here
AUD – N – This is in quite a strong range/base here, and doesn’t look like it’s gone anywhere since early November. Maverick just took an AUD trade (AUD/USD short, which I didn’t see much opportunity in USD, either), but I don’t love it. I’ll hold off here
NZD – N – This has been pushing up for about a month now, but pulled back at the end of the week last week. It’s been up a bit this week, but not much, and not enough to inspire confidence in taking this long. When/if this pushes back up to the highs, I’ll revisit, but for now, I’ll hold off
CHF – N – This is up quite a bit on the day, but has stalled at some resistance that was prior support. This looks like the strongest currency right now, but I’m still cautious — this is my first day back in a bit. Maybe I’ll look to trade this in my practice account, but otherwise, I’ll hold off