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2013-01-30
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, still losing a little ground.
NZD is the 2nd strongest currency, sideways this morning.
AUD is the 3rd strongest currency, slightly stronger.
USD is the 4th strongest currency, weakening since last week.

JPY is the weakest currency, a bit flat after its bullish run.
GBP is the 2nd weakest currency, sideways in its weakening move.
CAD is the 3rd weakest currency, flat after it looked like it wanted to strengthen.
CHF is the 4th weakest currency, strengthening steadily, soon to be the 5th strongest currency.

Ideal currency pairs seems to be:

GBPCHF (Short)

Traders note: due to all the flatness of most of the currencies it looks like the safest match would be GBPCHF, but again don’t be too comfortable… keep you stops close and your risk management closer!

Happy Trading

 


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