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2013-03-07
Daily Currency Strength and Weakness Analysis


USD is the strongest currency, showing strength again after the weakness in the beginning of the week.
JPY is the 2nd strongest currency, no significant gains for yesterday.
AUD is the 3rd strongest currency, pushing great bullish efforts.
NZD is the 4th strongest currency, pulling back again into weakness.

GBP is the weakest currency, showing more weakness after tried to strengthen.
EUR is the 2nd weakest currency, sideways this morning.
CAD is the 3rd weakest currency, gained a little since yesterday.
CHF is the 4th weakest currency, continuing its bearish run.

Ideal currency pairs seem to be:

USDGBP (Long), GBPAUD (Short), AUDCHF (Long) and USDCHF (Long)  

Traders note: Due to JPY’s change yesterday we need to watch it closely today to see what it’s going to do. So keep an eye on your open trades. EUR is flat and could go either way today so be aware. USD and GBP are both fluctuating from day to day so be careful when you enter a trade with either of them in.

Happy Selling!!


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