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2013-02-28
Daily Currency Strength and Weakness Analysis


USD is the strongest currency, still sideways.
JPY is the 2nd strongest currency, showing sudden weakness after its tremendous bullish run.
NZD is the 3rd strongest currency, strengthening again.
CHF is the 4th strongest currency, continuing to edge down.

GBP is the weakest currency, flat after some strength.
CAD is the 2nd weakest currency, strengthening some more.
EUR is the 3rd weakest currency, showing some strength after its bearish run.
AUD is the 4th weakest currency, trying hard to get back into strength again.

Ideal currency pairs seem to be:

Nothing at the moment.

Traders note: All the above currencies are currently showing a change in direction of their performance making it very difficult to match any of them. All the current weak currencies are showing strength and all the current strong currencies are showing weakness. We will have to sit it out and wait for them to make up their minds! As one of my Mentors always said, the money is not in the trading but in the sitting!!

Happy Trading!
  


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