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2013-01-29
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, still losing strength this morning.
NZD is the 2nd strongest currency, edging up slightly.
USD is the 3rd strongest currency, continuing its weakness.
AUD is the 4th strongest currency, moving up.

JPY is the weakest currency, continuing to strengthen.
GBP is the 2nd weakest currency, falling sharply.
CAD is the 3rd weakest currency, sideways today.
CHF is the 4th weakest currency, weakening further.

Ideal currency pairs seems to be:

GBPNZD (Short), GBPAUD (Short), NZDCHF (Long) and AUDCHF (Long)

Traders Note: GBP is the only constant currency at the moment with its steady decline. The strength in NZD and AUD might be short lived. So watch your stops and money management.

Happy Trading

 


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