It’s somewhat late, and I’m hungover so we’ll see how today goes. I need to take a second first and try to get into a better mindset, I think.
I’m feeling confident and open to the markets opportunities! I need to be patient, not force anything, and capitalize on opportunities when I see them. I’ve been doing this a long time, I know what I’m doing! Just take a breath and get to work
Equities seem to be trying to regain some strength, but overall they’re still down. It’s definitely still risk-off territory right now.
USD – L/N – Started yesterday fairly strong, but ended up down. Today, price is up again quite a bit, but still pretty far off of yesterday’s highs. I’m bullish here, but not sure if this is the one to make a run today. I’ll look at it long, but it’s a lower priority
CAD – L/N – Cad has been pushing up too, and has recently taken out a fairly strong resistance area. It pushed up pretty far yesterday, but pulled back and closed down a bit, but today price has pushed up again — above the prior resistance area again, but not quite as high as yesterday’s highs. I still like this long, too, but again, since yesterday’s highs are still pretty far away, I’m cautious
Today’s Pairs
CHF/JPY – Long
USD/JPY – Long
CAD/JPY – Long
EUR – N – This made moves that suggest a reversal to the upside, making a higher high a week ago, pulling back and making a higher low, and then pushing up and making subsequent higher high yesterday and again today. The only thing is, while it did make a higher high again today, at this moment price is down on the day, back to some support. This looks like it’s bullish now, but not today. I’ll revisit on Monday, probably
GBP – N – This rallied over a couple of days after pushing down 8 days in a row, and overall trending down. Price reached the 20MA but was down yesterday and has pushed both up to the MA and down on the day. Price is sitting near the open and when it did push down, it didn’t get to the lows of yesterday, even, so I think I’ll hold off here. If I don’t see any other shorts I like, I might come back, but for now, I’ll hold off
JPY – S – This looked like it had some reversal pressure a few weeks ago, but since then it’s pushed back down and taken out a pretty strong support level and continued to push down. Today, price made another new low, but has since rallied a bit and is up slightly. The upward momentum doesn’t look very strong, and JPY has, on multiple occasions, pushed down over several days, and this looks like it could be another one of those moves potentially. I’ll take a look at this to the downside, but I’ll try not to force anything.
AUD – N – Aussie has largely been on an uptrend since the beginning of July, but there’s been a good amount of swings within that. Over the last couple of weeks, there’s been a bit of a push down, but I don’t see a lower low being made, so I don’t think I’m ready to short this. It’s been largely down, too, though, so I’m not ready to take it long either — I’ll wait for more of a confirmed move to the upside — so I’ll hold off here
NZD – N – This is ranging and doing a lot of whipsawing. I’ll hold off
CHF – L – This took off this morning, taking out that fairly strong resistance area. The move might be extended, but I’ll see what individual charts look like