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2012-10-30
Daily Currency Strength and Weakness Analysis


AUD is the strongest currency and still strengthening.
CHF is the 2nd strongest and has been a bit flat the last couple of days.
EUR is the 3rd strongest and slightly weakening.
USD is the 4th strongest and a bit sideways.
NZD is the 5th strongest and turning upward slightly.

CAD is the weakest currency and still weakening.
JPY is the 2nd weakest and flat after yesterday�s strengthening run.
GBP is the 3rd weakest and is falling sharply.

Ideal Currency pairs seems to be:

AUDCAD (Long), GBPAUD (Short), AUDJPY (Long),
USDJPY (Long), USDCAD (Long) and GBPUSD (Short).

Traders Note: Don�t leave your trades on their own, even if you have a stop loss in place. The markets are very vulnerable and confused and can turn in any direction.

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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