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Daily Forex Analysis
Currency strength and weakness analysis
USD, AUD and CAD are currently the strongest currencies although AUD has shown some weakness the last 8 hours.
GBP is showing some strength at the moment.
EUR, CHF and NZD are hovering around the middle not really clear in their performance.
JPY is still weakening strongly.
Current currency trends
AUDCHF, trend still intact
Possible signals for today
CADCHF, bulls struggling with a resistance level, if it breaks it should fly
There are some gaps on especially the AUD pairs. Theory is that the market always closes the gaps. If the closing of the gaps are in the direction of the trend some traders to take it as a signal. The market is looking good for a Monday and I truly hope we will see some signals for trend trades.
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