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2013-03-05
Daily Currency Strength and Weakness Analysis


USD is the strongest currency, showing some sudden weakness.
JPY is the 2nd strongest currency, continuing on its bullish trend.
NZD is the 3rd strongest currency, still showing some weakness.
AUD is the 4th strongest currency, sideways this morning.

GBP is the weakest currency, showing significant strength.
EUR is the 2nd weakest currency, continuing on its way down.
CAD is the 3rd weakest currency, weakening again after it wanted to strengthen.
CHF is the 4th weakest currency, following EUR and continuing its bearish trend.

Ideal currency pairs seem to be:

EURJPY (Short), CHFJPY (Short) and CADJPY (Short)

Traders note: As all the ideal pairs have the JPY in it we need to be careful to overexpose ourselves. Choose the two with the strongest signals within your strategy to trade. Remember to position size and ratchet your stop as the trend continues!

Happy Trading!!


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