Wednesday 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.

The E-Mini is kissing its 25-hour this morning which is now steeply rising. A decision here will be forthcoming shortly – be there or be square 🙂

Crude has been doing a few quick drops into its 100-hour where apparently a buyer lurks. Maybe we missed it but if it happens again I plan to be long here.

But once again most of the fun is on the FX side – here’s the EUR/USD near its 100-hour where I would expect some buying interest to materialize.

Quite a bit more below for my intrepid subs – please step into my lair:
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Let’s do it backwards today – USD/HKD – a first here on Evil Speculator. Nice diagonal and if it slips below both SMAs I’ll be short.

NZD/JPY at an hourly NLBL – this one is good for another three hours.

GBP/NZD back at both SMAs which are pretty entangled. It’s looking weak and I’ll be short here until it crawls back above 1.83.

EUR/JPY – I’m seeing some sort of diagonal near its 100-hour SMA, maybe good for additional support.

EUR/CAD – do I have to explain this one? 😉

CHF/JPY – pretty established support pattern – use it as your binary launch point.

CAD/CHF – also making its first appearance here. Basically the inverse of the EUR/CAD 🙂

AUD/CAD – possible short near that 25-hour but there’s also a diagonal resistance line hovering above.

Have fun but keep it frosty.

Cheers,