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2012-11-22
Daily Currency Strength and Weakness Analysis


AUD is the strongest currency but still falling into weakness.
USD is the 2nd strongest currency edging up.
CAD is the 3rd strongest currency continuing on its bullish trend.
CHF is the 4th strongest currency and has just moved into strength.
GBP is the 5th strongest currency after spending a couple of days in weakness.

JPY is the weakest currency and lost a lot of ground the last 2 days.
EUR is the 2nd weakest currency continuing its upward movement.
NZD is the 3rd weakest currency and has just moved into weakness.

 

Ideal currency pairs seems to be:

 

USDJPY (Long), USDNZD (Long), CADJPY (Long), CHFJPY (Long),
GBPJPY (Long) and EURJPY (Long)

Traders Note: This is a very volatile market time and we should decide if we will be sitting out till there are stable trends or will we be adjusting our trading system to suit the current market conditions.

WIN!!!              WIN!!!                 WIN!!!

Attend our next Free Trading Workshop and stand a chance to win our 5 week Forex Training Program worth R5000!!

                                                                                                          

Date: 1 Dec 2012, Saturday
Time: 9h00 - 12h00
Venue: Building 2, Country Club Estate, Woodlands Drive, Woodmead.

Venue cost: R50, we provide a safe and profesional venue with secure parking.


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