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Daily Currency Strength and Weakness Analysis
NZD is the strongest currency, continuing its bullish run.
JPY is the weakest currency, strengthening with vigor.
Ideal Currency Pairs seem to be:
EURNZD (Short), NZDCHF (Long) and GBPNZD (Short)
Traders Note: It seems that the final whistle has blown on the EURJPY and that the trend is changing! The volatility in our currencies is like a sea storm and we are just a mere fishing boat trying to find our way. If you are struggling to make sense of it all, take a moment to reflect… take stock of all your current emotions and look hard at your weaknesses. Trading Forex is not that difficult, it is managing your emotions and our inherent want of more! There are 3 slogans to live by in this game:
The key is that you must not be dependent on your profits when you trade Forex, then you will NEVER make money!!! Forex is meant to be that 20% of your account to gamble with, with the potential of making gazillions but also to lose all in one trade. Back to basics!
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