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2013-02-04
Daily Currency Strength and Weakness Analsysis


EUR is the strongest currency, losing some steam after its bullish run last week.
NZD is the 2nd strongest currency, flat after its uptrend.
CHF is the 3rd strongest currency, sideways after its strong run.
USD is the 4th strongest currency, directionless after it tried to strengthen.

JPY is the weakest currency, strengthening after its negative run last week.
GBP is the 2nd weakest currency, continuing its weakness.
CAD is the 3rd weakest currency, flat like the last 2 weeks.
AUD is the 4th weakest currency, pulling up slightly after its bearish run.

Ideal currency pairs seems to be:

GBPUSD (Short)

Traders Note: It is Monday again and most of the currencies still have to decide where it is going so don’t trade for the sake of trading, wait for the trends. The only currency continuing its trend for a while now it the GBP. We should see more ideal pairs tomorrow.

 

Happy Trading

 


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