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2014-10-13
Daily Forex Analysis


13/10/2014

Currency Strength and weakness based on 4h chart analysis.

JPY, NZD, EUR and CHF are the 4 strongest currencies at the moment.

GBP, CAD, USD and AUD are the 4 weakest currencies at the moment.

Daily trend analysis:

AUDCHF, daily trend have been confirmed again.
AUDJPY, daily trend intact
AUDUSD, daily trend have been confirmed again.
CADJPY, daily downtrend confirmed
CFDJPY, daily trend intact
EURAUD, daily trend have been confirmed again.
EURJPY, daily trend intact
GBPAUD, daily trend have been confirmed again.
GBPJPY, daily trend intact
GBPUSD, daily trend have been confirmed again.
NZDCHF, daily trend have been confirmed again.
NZDJPY, daily trend intact
NZDUSD, daily trend have been confirmed again.
USDCAD, daily trend have been confirmed again.
 

No possible signals for today. AUD and USD looks like they want to resume their overall daily strength and weakness but with the ongoing global uncertainty nothing is foreseeable. Anything can happen. We need to watch our trades closely and rather stay out of currency pairs with very large candles, especially if you have a smaller account size. Anything less than $1000 can be crushed in times like these. Be sure of your signals and keep to your money management to control your losses as much as possible.

If you need any more info on the above analysis email me on chrizette@realtrader.co.za

To learn more about money management and how to trade Forex safely                      


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