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2012-11-13
Daily Currency Strength and Weakness Analysis


AUD is still the strongest currency and edging up nicely.
NZD is the 2nd strongest currency also moving up slowly today.
USD is the 3rd strongest and very sideways.

EUR is the weakest currency and still moving down.
CHF is the 2nd weakest currency and also edging down nicely.
CAD is the 3rd weakest currency and continuing its upward movement.
GBP is the 4th weakest currency still edging down slowly.
JPY is the 5th weakest currency and after some weakness yesterday it seems to be determined to strengthen.

Ideal currency pairs seem to be:

 

AUDCHF (Long), EURAUD (Short), GBPAUD (Short), EURNZD (Short), NZDCHF (Long)
GBPNZD (Short), EURCAD (Short) and CADCHF (Long)

Traders Note: We are expecting some high impact announcements today, Wednesday and Thursday specifically regarding EUR, GBP and USD so be aware of the markets and take your profit when there are any suspicion. 


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