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2014-10-23
Daily Forex Analysis


Currency strength and weakness analysis

There is a total convergence on the 4h chart regarding all the 8 currencies that we analyse causing a lot of volatility on the 4h charts.

JPY and USD is showing overall strength on the daily strength indicator but we don’t know if it is sustainable. CAD is also trying hard to strengthen. AUD is continuing its rally.

Current daily trending pairs

CHFJPY: daily trend confirmed
EURCHF: daily trend intact
EURJPY: daily trend confirmed
EURUSD: daily trend confirmed
GBPUSD: daily trend confirmed
NZDJPY: daily trend confirmed
NZDUSD: daily trend confirmed
USDCHF: daily trend confirmed

Possible signals for today:

NZDUSD

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

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