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2013-01-02
Daily Currency Strength and Weakness Analysis


 

 

 

HAPPY NEW YEAR TRADERS!!! May this be an adventurous trading year!!!

Strongest currencies are the EUR and the CHF, weakening after a good bullish run.
GBP is the 3rd strongest currency, continuing its bullish trend.
CAD is the 4th strongest currency, have been unstable for the last month or so.
USD is the 5th strongest currency, weakening slightly after a run of strength the last week or so.

JPY is the weakest currency, weakening again after it tried to strengthen.
AUD is the 2nd weakest currency, strengthening a bit.
NZD is the 3rd weakest currency, pushing hard toward strength.

Ideal currency pairs seems to be:

GBPJPY (Long), JPYNZD (Short), CADJPY (Long)

Traders note: The markets have been very unstable due to the USD uncertainty and the holidays. Be very aware when you trade of any changes in strength. Hopefully the holiday fever will be wearing off and trade will resume to some normality.

 


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