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2014-10-29
Daily Forex Analysis


Currency strength and weakness analysis on 4h charts

AUD showing continues strength since yesterday.

CAD, GBP and USD is showing more weakness.

EUR, CHF and NZD are also showing some strength although they still need to prove consistency.

JPY continues to weaken at a steady pace.

Current daily trends

AUDCHF, trend confirmed and looking good on 4h charts
AUDJPY, trend intact as this is an ideal pair at the moment
AUDNZD, trend intact although very volatile
AUDUSD, trend not yet confirmed but showing great potential
CADJPY, trend not yet confirmed but showing great potential
CHFJPY, trend confirmed
EURAUD, trend confirmed
EURJPY, trend not confirmed but showing great potential
GBPJPY, trend confirmed

Possible signals for today

AUDCHF
EURAUD

With AUD moving forward with conviction and JPY consistently losing we see some potential for trades but always stay on your guard. Don’t assume anything, keep to your plan.

For more info regarding the analysis please email me on chrizette@realtrader.co.za

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