Daily Forex Analysis


Currencies showing strength: GBP, USD and JPY on the 4h charts.

Currencies showing weakness: AUD and NZD.

Currencies that are flat performers: CAD, EUR and CHF.

Trending currency pairs:

AUDCAD: Continuing its downtrend
AUDCHF: Resumes its downtrend
AUDJPY: Downtrend in tact
AUDUSD: Perfect downtrend
EURAUD: Trend going strong
EURGBP: A bit of consolidation on the h4 chart
EURNZD: Strong upward trend
EURUSD: Strong daily downtrend
GBPAUD: Perfect currency pair to trade should they continue in their directions
GBPCAD: Daily trend shows irregular price movement
GBPCHF: Daily trend intact although the bulls are struggling to win ground
GBPNZD: Strong upward trend
NZDCAD: Seeing increased range in price on the daily chart
NZDCHF: Price dropping due to NZD weakness
NZDUSD: Constant downward trend
USDCAD: Upward trend in tact although there is large range on the daily chart
USDCHF: Steady upward trend due to USD strength
USDJPY: a bit of consolidation on daily chart

Possible trading signals for today:

EURAUD, signal early this morning
EURUSD: on increased momentum
GBPAUD: signal early this morning
USDCAD: On increased momentum
USDCHF: On increased momentum

If you have any questions regarding the above analysis, contact me on with the heading "Daily Forex Analysis".

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