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2013-05-22
Forex Trend Analysis


Current Ideal currency pairs according to strength and weakness:

AUDUSD: USDNZD: EURAUD: EURNZD

New Trends:

EURCAD (Long):

Ideal currency pairs trending:

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

Trending pairs, but with volatility:

AUDCHF (Short): AUDNZD (Short): EURCHF (Long): EURJPY (Long): EURNZD (Long): GBPUSD (Short): USDJPY (Long).

Possible signal for today on h4:

EURAUD (Long): EURNZD (Long): GBPUSD (Short): NZDUSD (Short): USDCHF (Long).

No go:

AUDJPY: CADCHF: CADJPY: CHFJPY: EURGBP: GBPCAD: GBPCHF: GBPJPY: GBPNZD: NZDCAD: NZDCHF: NZDJPY: USDCAD:

Traders note: Due to all the currencies continuing to change their direction except the EUR and CHF we will have to sit tight and see what is going to happen yesterday, but it seems some of the currencies are continuing on their path today. Some of the trends are holding, but we might be seeing some trend reversals. So hold on!! CAD has lost a lot and is sideways now, GBP is continuing to lose. AUD and NZD wanted to start strengthening but it seems they are pulling back a little again. EUR is looking good and CHF continues to fall. JPY is keeping a steady bullish run but not helping with any current trends.

Happy Trading!!

 

 


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