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2012-10-24
Daily Currency Strength and Weakness Analysis


EUR and CHF are the two strongest currencies but they are weakening significantly, if they do not hear some good news today it might continue.
USD is the 3rd strongest and AUD the 4th strongest.
JPY is the weakest currency and still weakening at steady pase.
NZD is the 2nd strongest and a bit flat today.
CAD is the 3rd weakest but still strengthening. GBP is the 4th weakest edging up slightly.

Ideal currency pairs seem to be:

AUDJPY (Long), USDJPY (Long), USDNZD (Long) and AUDJPY (Long)

Traders Note, be careful of any pairs with the EUR and CHF in as we are expecting news from the EURO Zone.

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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Forex Risk Warning