Daily Currency Strength and Weakness Analysis

USD is the strongest currency, strengthening strongly.
NZD is the 2nd strongest currency, losing even more strength.
CHF is the 3rd strongest currency, continuing its bearish decline.
EUR is the 4th strongest currency, seems to be falling like a rock.

GBP is the weakest currency, continuing its weakness.
JPY is the 2nd weakest currency, showing enormous strength.
CAD is the 3rd weakest currency, slightly strengthening.
AUD is the 4th weakest currency, sideways after some strength.

Ideal currency pairs seem to be:

GBPUSD (Short) and EURUSD (Short)

Traders note: The trends are still not stable, but these pairs should hold up. Remember to not just enter into these trades but wait for a signal! You do not want to gamble. Money management is crucial to the success of our trades and we need to make sure to stick to our trading plan.

Happy trading!!

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Forex Risk Warning