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2013-01-28
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, taking a breath after its run from last week.
NZD is the 2nd strongest currency, still moving sideways into negativity.
USD is the 3rd strongest currency, a bit negative this morning.
AUD is the 4th strongest currency, flat after its weakness last week.

JPY is the weakest currency, producing some strength again this morning.
GBP is the 2nd weakest currency, continuing its weakness.
CAD is the 3rd weakest currency, on a downward slope.
CHF is the 4th weakest currency, weak this morning but its trend is up.

Ideal currency pairs seems to be:

EURGBP (Long) and EURCAD (Long)

Traders note: This is the beginning of the week so we need to give the currencies some space to get direction before we open positions. Let?s see what the world?s decision makers say and then decide what we want to do!

Happy Trading

 


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