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2013-05-24
Daily Forex Trends Analysis


Current Ideal currency pairs according to strength and weakness:

AUDUSD: USDNZD: EURAUD: EURNZD

New Trends:

AUDJPY (Short): EURCAD (Long):  EURGBP (Long): NZDJPY (Short)

Ideal currency pairs trending:

AUDUSD (Short): EURAUD (Long): GBPAUD (Long).

Trending pairs, but with volatility:

AUDCAD (Short): AUDCHF (Short): AUDNZD (Short): EURNZD (Long): GBPNZD (Long):  GBPUSD (Short): NZDUSD (Short):  USDCAD (Long).

Possible signal for today on h4:

EURAUD (Long): EURCAD (Long): EURNZD (Long)

No go:

AUDJPY: CADCHF: CADJPY: CHFJPY: EURCHF: EURJPY: EURUSD: GBPCAD: GBPCHF: GBPJPY: NZDCAD: NZDCHF: USDCAD: USDCHF: USDJPY

Traders note: As you can see a lot of the ideal pair trends has either fallen into the volatile trends or the no go, this is because the stability in the markets of the last couple of weeks has been shaken once again. USD is still the strongest but is losing value. EUR is also showing strength but at a frustrating pace. GBP and CAD are still weakening. AUD and NZD are continuing their downward spiral. CHF is also showing strength. JPY is continuing its strength reflecting in some of the new trends being established… Remember, when a new signal is formed on an existing trade I would suggest you close the old one and open the new one. As our markets are not stable, making it very difficult to build on our positions…

Happy Trading!!

 

 


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