Thursday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
I’m not sure what’s going on but I ran into a veritable avalanche of setups this morning. Let’s go through them quickly while they’re still hot out of the oven. The spoos do not show us much context but it’s positive that this hourly NLSL was never breached and just expired.
Natgas touching its 100-hour SMA – it 25-hour is approaching from above and an hourly NLBL looms is backing it up. This ought to be a fun one.
But it’s really the FX side that’s completely off the hook this morning. The greenback at the nexus of its two colliding ST SMAs.
AUD/NZD – dropping through its 100-hour.
EUR/USD – perhaps a last kiss goodbye on both SMAs? A breach of the NLBLs would get me into a long.
But wait – there’s more – the best is to come ….
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This entry was posted on Thursday, February 28th, 2013 at 8:03 am. Both comments and pings are currently closed.