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Thursday Morning Briefing
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Thursday Morning Briefing

Thursday Morning Briefing

by The MoleMarch 7, 2013

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.

Slow morning today – nothing much tasty looking on my plate right now. USD/CAD is testing its 25-hour SMA quite nicely and there’s some additional Net-Line support below.

EUR/USD also very interesting – there seems to be a determined seller near 1.304. The SMA is not being observed that well which is why I would probably wait for 1.304 for a short position.

EUR/CHF touching its 25-hour – potential long setup here as this thing has been leading higher since yesterday. Short only on a solid breach of the SMA.

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Cheers,

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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