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2012-11-09
Daily Currency Strength and Weakness Analysis


AUD strongest currency but it seems to be taking a breath.
USD is the 2nd strongest currency, strengthened a bit last night and running flat this morning.
NZD is the 3 strongest currency and still weakening.
GBP is the 4th strongest currency and edging up nicely.

CAD is the weakest currency and weakening still.
EUR is the 2nd weakest currency almost equivalent to CAD also edging down.
CHF is the 3rd weakest currency and after weakness it is a bit sideways this morning.
JPY is the 4th weakest currency and it seems not to be for too long as it is rushing into strength.

 

Ideal currency pairs seem to be:

 

AUDCAD (Long), USDCAD (Long), EURAUD (Short), EURUSD (Short), GBPCAD (Long),
GBPCHF (Long) and EURGBP (Short).

 

Traders note: Again I would just like to warn the markets are very volatile at the moment and changes in strength happen overnight like we have just seen with the JPY. GBP is not steadily trending neither is CAD so watch those trades!!!


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