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2014-10-31
Daily Forex Analysis


Currency strength and weakness on 4h charts

AUD and CAD still on the strong side with AUD showing some weakness this morning.

USD making loops, then strong, sharp weakness and then strength again.

GBP, EUR, CHF and NZD not really going anywhere.

JPY still continuing its weakness.

Current daily trends

AUDCHF, trend intact
AUDJPY, trend intact sudden move on chart due to JPY’s weakness
CADCHF, trend intact
CADJPY, trend intact sudden move on chart due to JPY’s weakness
CHFJPPY, trend intact sudden move on chart due to JPY’s weakness
EURAUD, trend intact
EURCAD, trend intact
EURJPY, trend intact sudden move on chart due to JPY’s weakness
EURUSD, trend intact and signal for yesterday worked out well
GBPJPY, trend intact sudden move on chart due to JPY’s weakness
NZDCAD, trend intact
NZDUSD, trend intact however major volatility on 4h
USDCHF, trend intact
USDJPY, trend intact sudden move on chart due to JPY’s weakness

Possible signals for today

CADCHF, on increased momentum

Sudden weakness early this morning on the JPY left us all speechless. Not really any trades for this morning or setups for today and it is Friday so I am not looking to trade any ways. Have a great weekend.

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

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