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2013-01-24
Daily Currency Strength and Weakness Analysis


NZD is the strongest currency, persisting in its bullish run.
EUR is the 2nd strongest currency, pulling up again after its bearish move the last couple of days.
AUD is the 3rd strongest currency, a bit negative for today.
USD is the 4th strongest currency, strengthening again since yesterday.

JPY is the weakest currency, losing some ground again after its tremendous efforts to strengthen the last week.
GBP is the 2nd weakest currency, retracing slightly after a long bearish run.
CHF is the 3rd weakest currency, sideways this morning.
CAD is the 4th weakest currency, continuing tis negative decline.

Ideal currency pairs seems to be:

EURJPY (Long), NZDJPY (Long), EURCAD (Long) and NZDCAD (Long)

Traders note: JPY�s weakness might be short lived or it can be the confirmation of the continuation of its dire weakness. So as always, watch your trade closely and keep the stops ready!

Happy Trading!!

 


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