JOIN OUR MAILING LIST
Blog


2013-05-20
Forex Trend Analysis


Current Ideal currency pairs according to strength and weakness:

AUDUSD: NZDUSD: USDCHF

New Trends:

None

Ideal currency pairs trending:

AUDCAD (Short): AUDUSD (Short): EURAUD (Long): EURUSD (Short): GBPAUD (Long): GBPUSD (Short): NZDUSD (Short): USDCAD (Long): USDCHF (Long).

Trending pairs, but with volatility:

AUDCHF (Short): AUDNZD (Short): CADCHF (Long): CADJPY (Long): EURCHF (Long): EURJPY (Long): EURNZD (Long): GBPCHF (Long): GBPJPY (Long): GBPNZD (Long): NZDCAD (Short): USDJPY (Long).

No go:

AUDJPY: CHFJPY: EURGBP: EURCAD: GBPCAD: NZDCHF: NZDJPY: USDCAD

Traders note: CAD and GBP are losing ground and we see it in all the trends we had, the price action has slowed down significantly and some even looks like it is going to reverse. USD is doing well thus showing a lot of promise in our trends. EUR is trying hard to maintain strength, but it is a bit sideways. AUD and NZD are showing some strength but it seems to be sort lived, will have to see. JPY is still strengthening but on the wrong side of the fence, will have to wait for it to give direction. CHF is weakening slowly on a sideways wave. At the moment some of our trends are holding, but if the currencies continue to do what they are doing, we will have to relook our trading trends.

Happy Trading!!

 


Back Back to top

Forex Risk Warning