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2013-03-13
Daily Currency Strength and Weakness analysis


USD is the strongest currency, showing more weakness from yesterday.
AUD is the 2nd strongest currency, strongly bullish.
NZD is the 3rd strongest currency, sideways after some strength.
CAD is the 4th strongest currency, bordering on weakness.

GBP is the weakest currency, very unpredictable and showing some strength.
EUR is the 2nd weakest currency, undecidedly sideways.
CHF is the 3rd weakest currency, also very flat with no direction.
JPY is the 4th weakest currency, showing some strength after its huge drop.

Ideal currency pairs seem to be:

AUDCAD (Long)

Traders note: AUD and CAD are the only two currencies currently moving in a strong direction. The rest of the weaker currencies are all sideways and non-decided so we need to wait for them to indicate where they want to go.

Happy Trading!!


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