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2013-02-22
Daily Currency Strength and Weakness Analysis


USD is the strongest currency, a bit sideways in its current performance.
NZD is the 2nd strongest currency, strengthening slightly.
CHF is the 3rd strongest currency, continuing its bearish trend.
EUR is the 4th strongest currency, spiraling down into weakness.

GBP is the weakest currency, showing some strength again.
JPY is the 2nd weakest currency, continuing to boost into strength.
CAD is the 3rd weakest currency, still sideways.
AUD is the 4th weakest currency, pushing more into strength.

Ideal currency pairs seem to be:

EURUSD (Short) and EURAUD (Short)

Traders note: The EUR has been falling for a while now so be careful not to chase these trades. Make sure there is momentum and REMEMBER it is Friday… If you decide to stay over with the trades, have you stops at a safe distance.

Happy Trading!!

 


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Forex Risk Warning