Monday Is Not Developing Anything To Trade On During Asian Session

I have been checking my readings for the last five hours and there does not seem to be anything I would venture to place a bet on in the currency market. When you are currency speculating sometimes you have to take a step back and not trade as much. USDCHF is not showing signs that I would like to see. They had a big drop Friday in a few currencies at the end and it looks like they are slowly recovering but it is doing a number on my trend analysis. The time frames are not lining up like I like to see. AUDCHF is not in line with my strategy. CHFJPY is in a downtrend for the short time frame less than 1 day. It looks like there was a good deal of squaring up orders at the end of trading Friday. I am going to sit this one out and wait until the patterns are stronger. EurUsd had a run up at the end of trading Friday but it is in short term downtrend for the Tokyo session. German business climate comes out in about 5 hours and FOMC Member Mester speaks at about noon eastern.

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