I’m late and I’m probably not going to trade anyway, so what’s the big deal? I guess, I’ll go through the motions and at least that’ll be done. Maybe one day I’ll figure something out
Equities are still somewhat steadily pushing up, but not with much conviction. They’re actually down a bit on the day right now, too, so I’ll take the baskets at face value.
USD – S/N – This is still low-basing, and while it’s pushed down, it’s rallied off of the lows. Really, if this can break this base it should make for a great short, but everything gives me pause at this point. I’ll take a look at it, and maybe pull the trigger in my practice account
CAD – N – This is still pulling back off of the large spike that happened last Friday. It doesn’t look like it’s pushing back up to break those highs, and it also doesn’t look like it has much conviction to the downside either, so I’ll hold off here
Today’s Pairs
AUD/USD – Long
AUD/JPY – Long
EUR/AUD – Short
EUR – S/N – This has pushed down a decent amount already this morning, and has stalled out at some support. On the hourly chart, it’s basing around that level, but it hasn’t done so for very long. I’ll take a look at this to the short side, but I won’t chase — I don’t see a ton of opportunity there even if it does break that level
GBP – N – I don’t have much to say about this right now. It’s still extremely choppy, and isn’t something I feel comfortable touching right now so I’ll hold off
JPY – S/N – See: USD
AUD – L/N – This is up a good amount on the day and has broken some resistance. It’s sitting right above that level right now, so I’ll see what this looks like on individual charts
NZD – N – This still looks like it’s recovering — trying to push back higher after forming a bull pullback. That said, over the last few days, it hasn’t pushed up with much conviction. This still looks overall strong, but not like something I want to touch today, so I’ll hold off
CHF – N – This stalled at some resistance yesterday after it spiked up and has been pushing down today. It’s stalled at some support, that was prior resistance, and there’s more support below this level, so I don’t love where it’s at. I’ll hold off here for this morning