Looking at premarket data, all equities are up pretty strong. I’ve also already glanced at USD and it closed down yesterday and is down again today, so I’m definitely sensing a risk-on day
USD [S] – As I mentioned, equities are up and this is down. I’ve been overall bearish here lately, too, so I like this to the downside. Let’s see what I can pair it against
CAD [N] – I honestly don’t know how to feel about CAD. It’s down again today, and has pushed through some support, but not very far. I’m not sure if I’m ready to change my outlook on CAD to bearish yet, or wait for this to head back up, so I’m going to just leave it alone for today
Today’s Pairs
AUD/USD – Long
AUD/JPY – Long
NZD/USD – Long
NZD/JPY – Long
EUR [N] – I’m bearish EUR, but not strong enough to be in 2 EUR positions. I’m already short this, so I’m just waiting for my trade to play out, but I don’t want to take on more EUR at this time
GBP [N] – This still hasn’t shown me signs of moving in either direction, so I’m going to continue to leave this alone
JPY [S] – This pushed through some support and is continuing down. I’ve been bearish JPY for a while so I like this to the downside a lot. I’m hoping I can find a strong Long currency to play against this
AUD [L/N] – While this is up quite a bit today, it’s stalled out at some resistance that it’s failed at the last 3 days, and it looks to be basing. Maybe if there’s a major support/resistance level this has to push through, there might be some opportunity, so I’ll look, but I don’t want to chase
NZD [L/N] – This is on a strong up-day right now, but it’s still within the range of the base that it’s formed since the beginning of the year. Overall, I’ve been bullish here, so I want to like this, but I also have to be cautious and look for support/resistance levels for this to push through before I pull the trigger. I’ll look at it, though
CHF [N] – This is down slightly today, but not much. I’m still bullish on this, but not so bullish that I want to be in a second CHF trade. I like the one I’m in, and am just going to continue to follow my rules and hope for the best