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2014-10-02
Daily Forex Analysis


02/10/14

Currency strength and weakness

USD, JPY, GBP and CAD are on the strong side of the market however, USD and GBP is showing significant weakness.

NZD, AUD, CHF and EUR are on the weak side of the market however, AUD and NZD is showing significant strength.

Currency Trends

AUDCAD: Daily trend still intact although 4h chart is sideways
AUDJPY:  Daily trend still intact although 4h chart is sideways
CADCHF: Daily trend intact, strong upward movement on 4h
EURCAD: Daily trend intact
EURUSD: Daily trend still intact
GBPUSD: Daily trend still intact
NZDCAD: Daily trend still intact although 4h chart is sideways
NZDUSD: Daily trend still intact although 4h chart is sideways
USDCHF: Daily trend still intact

There are no possible signals for today as we see a major possible change in the Forex markets. Only time will tell what is going to happen.

If you have any questions on the analysis please email me on chrizette@realtrader.co.za.

 

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