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Daily Currency Strength and Weakness Analysis
AUD is the strongest currency but it seems to be
running out of steam suddenly.
EUR is the weakest currency but it looks like it is getting
new life running up the page.
Ideal currency pairs seem to be:
USDNZD (Long), USDJPY (Long), GBPJPY (Long) and JPYCHF (Short)
Traders Note: Some nice opportunities presenting itself but we are seeing that the strength and weakness positions of the currencies are very volatile and only last a week or two. So no long-term trends to ride these days, only short one or two day trades. Keep an eye on your trades and take profit when it comes as it disappears into a loss before you know it…
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