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2013-02-07
Daily Currency Strength and Weakness Analysis


EUR is still the strongest currency, struggled a bit yesterday but looking great this morning.
CHF is the 2nd strongest currency, continuing its bullish run.
NZD is the 3rd strongest currency, weakening significantly.
USD is the 4th strongest currency, steadily strengthening.

JPY is the weakest currency; after it tried to strengthen yesterday it is back to weakness again this morning.
GBP is the 2nd weakest currency, picking up some steam after its long weakness.
AUD is the 3rd weakest currency, falling like a rock.
CAD is the 4th weakest currency, strengthening so much it will soon be one of the strong currencies again.

Ideal currency pairs seem to be:

EURJPY (long), CHFJPY (Long), CADJPY (Long), AUDCHF (Short) and AUDCAD (Short)

Traders note: EURJPY has been a rocky ride if you were not following our money management rules… but a wonderful adventure if you have… When the JPY is weakening the trends resume, giving us new opportunities! It also seems that they are trying very hard to keep EUR going…

Happy Trading!!


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