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2012-11-05
Daily Currency Strength and Weakness Analysis


AUD and NZD are the two strongest currencies today, both a bit flat after the weekend.
USD is the 3rd strongest currency and also sideways this morning.
GBP is the 4th strongest currency and trending a bit down.

JPY is the weakest currency, but strengthening steadily.
CAD is the 2nd weakest currency, also improving strongly.
EUR is the 3rd weakest and falling.
CHF is the 4th weakest and edging down.

Ideal currency pairs seem to be:

EURAUD (Short), AUDCHF (Long), EURNZD (Short), NZDCHF (Long),
EURUSD (Short) and USDCHF (Long)

Traders note: It is always difficult to trade on a Monday before the US markets opens as the trends are not stable yet. With the AUD, NZD and USD a bit sideways this morning we will be careful of our 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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