Currency Strength and weakness analysis based on 4h performance
USD, GBP and CAD showing weakness, especially CAD.
EUR and CHF still showing strength.
JPY continues to push strengthening strongly.
NZD and AUD continuing to lose value.
Current daily trends
AUDNZD, trend confirmed but very sideways on 4h chart
AUDUSD, trend intact with a possible trend reversal candle pattern on the daily chart
EURAUD, trend intact a bit sideways on the 4h chart
EURNZD, trend confirmed sideways on the 4h chart
GBPAUD, trend intact and might be seeing a continuation pattern forming on the 4h chart
GBPNZD, trend intact and might be seeing a continuation pattern forming on the 4h chart
NZDUSD, trend intact and might be seeing a continuation pattern forming on the 4h chart
USDCAD, trend intact
No possible signals at the moment, the markets are changing gears again and we have to wait for the old trends to continue or to break into new trends. Only time will tell.
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