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2012-11-23
Daily Currency Strength and Weakness Analysis

Forex!! AUD is still the strongest currency, edging down.
USD is the 2^nd strongest currency, weaker this morning.
CHF is the 3^rd strongest currency, strongly moving up.
EUR is the 4^th strongest currency, continuing its bullish momentum.
CAD is the 5^th strongest currency, retracing a bit after its bullish run the last couple of days.

JPY is the weakest currency, continuing into weakness.
GBP and NZD are head on head at 2^nd weakest and both are very sideways.

Ideal currency pairs seem to be:

CHFJPY (Long), EURJPY (Long) and GBPJPY (Long)

Traders note: The JPY has lost some momentum in its bearish run thus causing the market to pause a bit. So our trades looks like they are not moving or something… hang tight, all the indicators are still saying the odd are in our favour so SIT ON YOUR HANDS and just watch. We should see some direction soon. AND remember it is Friday, are you sleeping over or closing out??

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Join us and learn all about investing in shares, trading Forex and how to think like the rich. Don't procrastinate!! This is your future!!

Date 1 December 2012
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