Daily Currency Strenth and Weakness Analysis

AUD is the strongest currency, flat this morning.
NZD is the 2nd strongest currency, showing significant strength.
CAD is the 3rd strongest currency, continuing its bullish run.
USD is the 4th strongest currency, losing some more strength.
GBP is the 5th strongest currency, barely being able to hold its ground.

EUR is the weakest currency, continuing to fall like a rock.
CHF is the 2nd weakest currency, copying the EUR in its bearish trend.
JPY is the 3rd weakest currency, showing weakness after its attempt to strengthen.

Ideal Currency pairs seem to be:

EURAUD (Short), EURNZD (Short), EURCAD (Short), NZDCHF (Long), AUDCHF (Long) and EURGBP (Short)

Traders note: As the EUR is still the weakest currency continuing its movement it is a favorite to match with the stronger currencies, but remember, the more trades you take with the EUR as one of the currencies in the pair the bigger you risk becomes! Do your trend analysis on all the ideal pairs and make sure the Ichimoku confirms the strength of the trend. ALL 5 rules must be met before we trade the signal!!

Happy Trading!!


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