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2013-01-22
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, still weakening this morning.
NZD is the 2nd strongest currency, strengthening after the weekend�s weakness.
AUD is the 3rd strongest currency, flat after yesterday�s slight weakness.
USD is the 4th strongest currency, continuing its weakening from yesterday.
CAD is the 5th strongest currency, falling like a rock, so soon to be under the weak currencies.

JPY is the weakest currency, continuing to strengthen on the back of the Bank of Japans meeting since yesterday.
GBP is the 2nd weakest currency, continuing its bearish trend.
CHF is the 3rd weakest currency, still weaker this morning.

Ideal currency pairs seems to be:

GBPNZD (Short), GBPAUD (Short) and NZDUSD (Long)

Traders Note: The market is very choppy and the current moves are very premature. The only currencies really showing steady movement is the GBP and the AUD. Be aware of this when you trade and know that the market can change direction in a tick. Keep your stops close and do your money management.

Happy trading!

 


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