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2012-11-23
Daily Currency Strength and Weakness Analysis


AUD is still the strongest currency, edging down.
USD is the 2nd strongest currency, weaker this morning.
CHF is the 3rd strongest currency, strongly moving up.
EUR is the 4th strongest currency, continuing its bullish momentum.
CAD is the 5th strongest currency, retracing a bit after its bullish run the last couple of days.

JPY is the weakest currency, continuing into weakness.
GBP and NZD are head on head at 2nd weakest and both are very sideways.

Ideal currency pairs seem to be:



CHFJPY (Long), EURJPY (Long) and GBPJPY (Long)

Traders note: The JPY has lost some momentum in its bearish run thus causing the market to pause a bit. So our trades looks like they are not moving or something� hang tight, all the indicators are still saying the odd are in our favour so SIT ON YOUR HANDS and just watch. We should see some direction soon. AND remember it is Friday, are you sleeping over or closing out??

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