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2012-12-12
Daily Currency Strength and Weakness Analysis


 

 

 

 

 

NZD is still the strongest currency, moving up strongly.
EUR is the 2nd strongest currency, continuing its bullish drive.
AUD is the 3rd strongest currency, flat after some weakness.
CAD is the 4th strongest currency, bearish after strength.
CHF is the 5th strongest currency, sideways after the past bearish run.
GBP is the 6th strongest currency, still edging up slowly.

JPY is the weakest currency, dropping again after it tried to strengthen.
USD is the 2nd weakest currency, continuing its bearish trend.

 

Ideal currency pairs seem to be:

NZDJPY (Long), NZDUSD (Long), EURUSD (Long) GBPUSD (Long), GBPJPY (Long) and EURJPY (Long)

Traders Note:  We are grateful that the USD and the JPY is losing strength as the rest of the 8 top currencies are all fighting for a place in strength. This gives us a chance to look for good trading opportunities. Be aware of any trades with the GBP in as the GBP is always hanging around on the fence between strength and weakness. You need to pair it with a currency that is very robust in its move away from the GBP.

 


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