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Daily Forex Analysis
USD, JPY and AUD are the three strongest currencies based on their 4h performance.
GBP, AUD, NZD and EUR are the 4 weakest currencies with NZD trying hard to strengthen.
CAD is still in the middle not knowing where it wants to be.
Currency Day Trends
AUDNZD, uptrend still intact with large daily price ranges, sideways on the 4h chart
Possible signals for today
There is a lot of large candles on the daily charts positive and negative next to each other showing that the market is not sure where it wants to go. Like a tug of war. Not the ideal time to try and trade so keep your stops close and only trade when your strategy gives you a signal, don’t try and pre-empt the market.
Any questions regarding the analysis you can email me on firstname.lastname@example.org
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