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2012-10-31
Daily Currency Strength and Weakness Analysis


The strongest currency is AUD and it is performing very well, still going strong.
CHF is the 2nd strongest and falling slightly.
EUR is the 3rd strongest and also edging down.
USD is the 4th strongest but is losing a lot of ground, hopefully this is not due to the NY stock Exchange being closed for 2 days.
NZD is the 5th strongest and improving nicely.

CAD is the weakest currency and a bit flat today.
JPY is 2nd weakest and pulling back again.
GBP is the 3rd weakest and seems to be very confused as it is strengthening again wanting to go back in the strong corner.

Ideal currency pairs seems to be:

AUDJPY (Long), AUDCAD (Long), NZDCAD (Long) and NZDJPY (Long)

Traders Note: I did not include pairs with the USD as the uncertainty is too big for now and I am waiting to see the general feeling on the EUR and CHF.

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

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