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2013-03-06
Daily Currency Strength and Weakness Analysis


USD is the strongest currency, still weakening at this stage.
JPY is the 2nd strongest currency, continuing its bullish run.
NZD is the 3rd strongest currency, showing some strength again.
AUD is the 4tg strongest currency, pushing up nicely.

GBP is the weakest currency, still strengthening.
EUR is the 2nd weakest currency, continuing its weakness.
CAD is the 3rd weakest currency, returning to weakness.
CHF is the 4th weakest currency, edging down strongly.

Ideal currency pairs seem to be:

EURJPY (Short), CADJPY (Short), CHFJPY (Short), EURAUD (Short), AUDCAD (Long) and AUDCHF (Long)

Traders note: The trend seem to hold strong so trading is going well. Remember to adjust your stop level as to lock in some profits. Good profit strategy is to close a 3rd or half your position, lock in that profit and then leave the rest with a either a trailing stop or a manual ratchet stop.

Happy Trading!!


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