JOIN OUR MAILING LIST
Blog


2013-05-07
Daily currency Strength and Weakness Annalysis


GBP is the strongest currency, a little down in strength.
CAD is the 2nd strongest currency, continuing its bullish trend.
EUR is the 3rd strongest currency, showing some strength after weakness.
NZD is the 4th strongest currency, loosing lots of strength.

JPY is the weakest currency, showing strength again.
AUD is the 2nd weakest currency, weakening again after it looked like it is strengthening.
CHF is the 3rd weakest currency, continuing the downward trend.
USD is the 4th weakest currency, showing some strength, bordering on the 0-line between strong and weak.

Ideal currency pair seems to be:

AUDCAD (Short) and CADCHF (Long)  

Traders note: There are a few trends in the market at the moment, but we do see a lot of large daily candles which means a lot of volatility. For an intraday trader this is ideal circumstances as the price ranges opens lots of trading opportunities, however, for a trend trader it makes it very difficult as our stops get stopped out too soon. We still see great potential in the AUDNZD trend and hope to have more entry opportunity, the perfect trend…

Happy Trading!!


Back Back to top

Forex Risk Warning