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2013-01-04
Daily Currency Strength and Weakness Analysis


EUR and CHF are the strongest currencies but only barely, losing ground steadily.
CAD is the 3rd strongest currency, strengthening daily.
USD is the 4th strongest currency, moving forward strongly.
GBP is the 5th strongest currency, losing ground rapidly.
AUD is the 6th strongest currency, bullishly pushing forward.

JPY is the weakest currency, sideways after a bit of loss.
NZD is the 2nd weakest currency, falling after its bullish run.

Ideal currency pairs seems to be:

GBPCAD (Long), GBPUSD (Long), AUDNZD (Long) NZDCAD (Short) and USDNZD (Long)

Traders Note: The weakness in the NZD might be short lived so be careful when you trade pairs with it in a pair. JPY�s weakness might also be over so if you have a trade with it, it may be a good time to take your profit.  

 


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Forex Risk Warning