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2013-05-15
Daily Forex Trend Analysis


Current Ideal currency pairs according to strength and weakness:

AUDCAD: AUDUSD: NZDUSD: USDCHF: NZDCAD

New Trends:

EURUSD (Short)

Ideal currency pairs trending:

AUDUSD (Short): CADCHF (Long): GBPUSD (Short):  EURAUD (Long): AUDNZD (Short): GBPAUD (Long):
NZDCAD (Short)

Trending pairs, but with volatility:

EURUSD (short): USDCHF (Long): USDJPY (Long): EURCHF (Long): EURJPY (Long): GBPCHF (Long):
CADJPY (Long): GBPJPY (Long): EURNZD (Long): EURCAD (Short): GBPCAD (Short): GBPNZD (Long):

No go:

NZDCHF: USDCAD: EURGBP: AUDCHF: AUDJPY: CHFJPY:  NZDJPY

Traders note:  Ideal gradient of a stable trending chart is between 35 and 55 degrees, less than 35 degrees will cause frustration as the price will be moving slowly, more than 55 degrees is very difficult to get an entry signal. Look at the price action first then the trend and then the indicator for your signal.

Happy Trading!!


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