After dipping a bit last week, equities are back up today — near all-time highs from a week ago. There was a gap-up to get there, so there’s a chance they’re weak throughout the day. I’ll mostly take the baskets at face value this morning.
USD – N – This is down on the day, and has pushed down a decent amount, but it’s rallying off of the lows right now. If this can push back to the day’s lows and further, this could be a decent short. I’ll set an alert, but I’m going to leave it alone for now
CAD – N – This is still within a range and experiencing a lot of choppiness. The wicks are too long for my liking here, so I’ll hold off
EUR – N – This has been steadily pushing down all month until it reached some support (that was prior resistance) last Thursday. Since then, it’s just been basing — looking at the hourly/4hr charts — and even if it breaks this base, I don’t see much room for it to fall. I’ll hold off here
GBP – S/N – After those 2 huge down-days last week, this gapped up this morning. It pushed higher at the open, but has been dropping for the last few hours. I might look at shorting this to “fill the gap” it created when it gapped up. We’ll see what it looks like on individual charts
JPY – N – This was basing all of last week, pushed through the base on Thursday, but rallied Friday and has been within this new range since. On the hourly chart, this looks like it has a lot of whipsawing over the last couple of days and it doesn’t look great. I’ll hold off here for today
AUD – L/N – After breaking out and reaching new highs that it hasn’t seen since April of 2019, this is stalling a bit. On the hourly chart, this is just basing right around that level. I don’t plan on playing this entire base, but I will see what this looks like on individual charts in case it’s a bit “prettier” and the R:R is there
NZD – N – This is in a pretty strong base right now, too, but it’s sitting below the highs it made a couple of weeks ago. Even if this does push up again, there are a lot of levels it could stall at. I’ll hold off here for now and set an alert in case it pushes up to near the top of it’s base
CHF – N – This has a fair amount of choppiness to it, which is giving me pause initially. In addition to that, it dropped for most of last week, but is up slightly on the day (though it did push further down this morning, but stalled at another level of support). There’s too much choppiness and too many level that this can stall at, so I’ll hold off