Daily Currency Strength andWeakness Analysis

NZD is the strongest currency, showing good performance.
USD is the 2nd strongest currency, sideways this morning.
CHF is the 3rd strongest currency, pulling up again after its weakness the last week or so.
AUD is the 4th strongest currency, flat after its strength.
EUR is the 5th strongest currency, showing sudden strength after the bearish run it had.

GBP is the weakest currency, continuing its negative trend.
JPY is the 2nd weakest currency, showing some sudden weakness after a week’s strength.
CAD is the 3rd weakest currency, losing some more strength.

Ideal Currency pairs seem to be:

GBPNZD (Short), NZDJPY (Long), CHFJPY (Long) and GBPCHF (Short)

Traders note: With the JPY weakening again the original trends should resume, giving some great opportunities for trades. As always, be careful as it can just be a bounce. Keep your position size to the limit and your stops at a safe distance!

Happy Trading

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