JOIN OUR MAILING LIST
Blog


2014-11-11
Daily Forex Analysis


11/11/2014

Currency Strength and Weakness Analysis

USD is still losing strength
CAD, NZD, CHF, GBP and EUR are currently still without clear direction.
AUD is flat not really going anywhere this morning.
JPY continued its rally and has shown a slight weakness this morning.

Current daily currency trends

AUDJPY, trend intact
AUDUSD, trend confirmed
CADJPY, trend intact
CHFJPY, trend intact
EURJPY, trend intact
EURUSD, trend intact
CHFJPY, trend intact
GBPUSD, trend intact
NZDJPY, trend intact
NZDUSD, trend intact
USDCAD, trend intact
USDCHF, trend intact
USDJPY, trend intact

Possible signal for today or tomorrow

AUDJPY, should JPY fall back into weakness
AUDUSD, should USD pull up again
CADJPY, should JPY fall back into weakness
CHFJPY, should JPY fall back into weakness
EURJPY, should JPY fall back into weakness
EURUSD, should USD pull up again
CHFJPY, should JPY fall back into weakness
GBPUSD, should USD pull up again
NZDJPY, should JPY fall back into weakness
USDCAD, should USD pull up again
USDCAD, should USD pull up again
USDCHF, should USD pull up again
USDJPY, should USD pull up again

It seems like JPY wants to fall back into weakness and this would give us a lot of new signals during today. Again, remember that with every new order on a pair with the JPY as one of the currencies you are expanding your exposure making your risk higher.

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

To learn more about forex trading                                                                  
 


Back Back to top

Forex Risk Warning