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2013-05-29
Daily Forex Trend Analysis


Current Ideal currency pairs according to strength and weakness:

EURCAD

New Trends:

None

Ideal currency pairs trending:

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

Trending pairs, but with volatility:

AUDCAD (Short): AUDCHF (Short): AUDJPY (Short): CADJPY (Short): EURGBP (Long): EURNZD (Long):  GBPUSD (Short): NZDJPY (Short): USDCAD (Long).

Possible signal for today on h4:

CADJPY (Short): EURAUD (Long): EURCAD (Long): EURGBP (Long): GBPAUD (Long):  NZDJPY (Short)

No go:

CADCHF: CHFJPY: EURCHF: EURJPY: EURUSD: GBPCAD: GBPCHF: GBPNZD: GBPJPY: NZDCAD: NZDCHF: NZDUSD: USDCAD: USDCHF: USDJPY

Traders note: USD is still the strongest currency, showing some weakness. EUR is trying hard to keep strengthening. CAD and GBP are weakening. AUD and NZD is the weakest of all but strengthening. CHF and JPY are showing strength after its sudden losses. With CAD and GBP being the only 2 currencies that are continuing its trend, they are the best matches with the EUR at the moment. But tomorrow can bring another story all together, so keep your stops close and your money management tight. We are seeing a few signals coming up, how steady they are would be anybody’s guess.

Happy Trading!!

 

 

 

 


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