JOIN OUR MAILING LIST
Blog


2012-10-19
Daily Currency Strength and Weakness Analysis


EUR and CHF is currently still the strongest two currency pairs, yet they are both weakening at a steady pace since yesterday.
USD has strengthened nicely since yesterday and is sitting in 3rd strongest position.
JPY is the weakest currency today but we have seen some strengthening since its serious weakening run.
GBP is the 2nd weakest currency and steadily falling.
NZD and AUD is equally matched in 3rd weakest position, however both of them are strengthening, AUD more than NZD.
CAD is in 4th weakest position and currently a bit flat, looks like it wants to strengthen today.

Ideal currency pairs seem to be:


GBPUSD (Short), GBPAUD (Short), USDJPY (Long) but please
be aware that the strength and weakness positions are
currently changing and it might be a good idea to wait
till after the weekend to see stability in the trends again.

Please note that this is only an ideal pair and direction indication! You need to determine your entry based on the strategy you trade. If you do not have a strategy join our next


Free Trading Workshop.                
 


Back Back to top

Forex Risk Warning