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 ….
[amprotect=nonmember] More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5,10]

CAD/CHF playing with its 100-hour SMA but I am more interested in what happens near that diagonal above.

CAD/JPY – finding support at its 25-hour right now – 100-hour approaching from above.

EUR/AUD – playing with 100-hour and stacked NLBLs.

Similar view on the EUR/CAD but the 25-hour is also colliding with the 100-hour. Triple resistance.

EUR/CHF running up its 25-hour – 100-hour approaching quickly. This should get interesting soon.

EUR/JPY – similar view plus there’s a NLBL blocking access.

GBP/CAD – excellent spot to get positioned.

GBP/JPY – trapped between net-lines and SMAs.

NZD/USD – attempting to overcome the 100-hour.

USD/CAD in the eye of the storm.

USD/JPY – also climbing its 25-hour – a common theme today.

AUD/CHF – trying to decide which way to swing – also stuck between Net-Lines.

Pick your favorites and don’t be shy about reporting your adventures in the comment section.

Cheers,