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2013-01-18
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, suddenly strengthening yesterday!
AUD is the 2nd strongest currency, sideways the last 2 days.
NZD is the 3rd strongest currency, edging down to weakness again.
CAD is the 4th strongest currency, consistently flat.
USD is the 5th strongest currency, strengthening after some weakness this week.

JPY is the weakest currency, losing another round after it tried to strengthen.
CHF is the 2nd weakest currency, sideways today after a serious bearish run.
GBP is the 3rd strongest currency, still edging down slightly.

Ideal currency pairs seems to be:

EURJPY (Long), EURCHF (Long), CADJPY (Long) and USDJPY (Long)

Traders note: The JPY has been weakening for two days now giving great opportunities to trade the EUR and USD in its pair. The trends are strong but as always I stick to my money management and keep my stops close by. A very good exit strategy is; as soon as you can move your stop to entry you close half your trade volume, this why you guarantee profits even if the market suddenly weakens.

Risk Warning : Trading in forex is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

 


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Forex Risk Warning