Where is the trend?

Today's volatility was ridiculous. Yesterday was a holiday in the US, so the big boys decided to go nuts today. First, let's look at E/U.



Support broken, stops triggered, then a bounce. No continuation whatsoever. On the upside, stops taken out above the highs, then a fall.

U/CAD was the only pair that traded well today. Multiple bounces and tons of pips.



G/J pretty good too, if you got into the first long around 4am EST, congratulations!



E/J was very difficult. First a violent break of the support, then retracement to it. Shorting would have been stopped out. Second short at highs pretty solid though.



And finally, E/G broke the flag (channel) to the downside very violently. Pound was very strong today (some huge short covering as reported by forexlive.com). I bought it at the low where it stalled around 8am.