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Daily Currency Strength and Weakness Analysis
The strongest currency is EUR, sideways after a bearish run for the last 2 weeks.
JPY is the weakest currency, now trying hard again to gain some strength.
Ideal currency pairs seems to be:
NZDCAD (Long), USDNZD (Short), GBPUSD (Long), AUDNZD (Short)
Traders Note: WARNING!!! All the strength currencies have changed position in the last 2 days, these changes might be very sort lived so be very careful should you trade the suggested pairs as anything can happen between today and tomorrow! Especially the pair AUDNZD, the NZD has a tendency to follow the AUD and vice versa so the trend can change rapidly. Ideally we want to match currency on the opposite side of strength and weakness but as you can see 7 of the 8 main currencies are in strength even if they are weakening…. Making our job to match strong and weak almost impossible. Keep your wits; the market seems to have carried over its confusion from last year.
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