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2013-02-01
Daily Currency Strength and Weakness Analysis


EUR is the strongest currency, continuing its bullish run.
NZD is the 2nd strongest currency, pulling up nicely this morning.
CHF is the 3rd strongest currency, a bit flat after its strength yesterday.
USD is the 4th strongest currency, strengthening this morning after its flatness yesterday.

JPY is the weakest currency, continuing its downward spiral from yesterday.
GBP is the 2nd weakest currency, still strengthening on its past performance.
CAD is the 3rd weakest currency, sideways.
AUD is the 4th weakest currency, still losing ground as we speak.

Ideal currency pairs seems to be:

EURJPY (Long), NZDJPY (Long), CHFJPY (Long), EURAUD (Short), AUDNZD (Short) and AUDCHF (Short).

Traders Note: NZD’s strength is not reliable, so be aware when you trade it for now, it has a tendency to follow AUD so we need to be careful. EUR’s strength is reliable but be careful of JPY’s weakness as it keeps bouncing back with new vigor. So as always, keep your stops close and you money management tight!

 

Happy Trading!!

 


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