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2012-10-23
Daily Currency Strength and Weakness Analysis


EUR and CHF are still the strongest 2 currencies but after their rally yesterday the momentum of their strength has slowed down a bit, especially CHF.
USD is the 3rd strongest but seems to be losing some ground today.
AUD is strongly on its way to 4th strongest after its pullback yesterday.
Weakest Currency is JPY and still falling.
CAD is 2nd weakest with a bit of strength this morning.
NZD and GBP are very close at 3rd and 4th position moving up in value it seems.

Ideal trading pairs for today seems to be:

EURJPY (Short) and CHFJPY (Short).

Traders Note: Due to the changed strength in the rest we need to wait for overall trends to resume before we would look for new trades.

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.                
 

 


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