Daily Currency Strength and Weakness Analysis

EUR and CHF are the strongest Currencies but like yesterday they are still losing value.
AUD is the 3rd strongest currency and quickly on its way to becoming number 1.
USD is 4th and have been losing value since yesterday.
NZD has moved over to the strong corner and is strengthening rapidly.

JPY is the weakest currency and falling like a rock.
CAD is the 2nd weakest and it could not keep up the improvement of yesterday, falling back again.
GBP is obviously not happy in the weak corner and is edging up at a steady pace.

Ideal Currency pairs for today seems to be:

AUDJPY (Long), NZDJPY (Long), GBPJPY (Long), AUDUSD (Long),

AUDCAD (Long) and NZDCAD (Long).

Traders Note: We will only be looking at trading currency pairs with the EUR and CHF once they have weakened lower than the GBP.

Please note that this is only an ideal pair and direction indication! You need to determine your entry based on the strategy you trade. If you do not have a strategy join our next

Free Trading Workshop.                 

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Forex Risk Warning