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2013-01-09
Daily Currency Strength and Weakness Analysis


NZD is the strongest currency, pushing its bullish move.
CAD is the 2nd strongest currency, strengthening again after a short period of weakness.
EUR and CHF is 3rd and 4th losing a lot of ground into weakness.
AUD is the 5th strongest currency, improving strongly after a slight pull back.
USD is the 6th strongest currency, a bit sideways after its bearish move the last 2 days.
GBP is the 7th strongest currency, edging into weakness.

JPY is the weakest currency, however it is continuing its bullish move formed the last 2 days.

Ideal currency pairs seems to be:

EURNZD (Short), CHFNZD (Short), GBPNZD (Short), AUDGBP (Long)

Traders Note: It seems the trends are resuming, opening new opportunities to trade. As the markets are still not stable, make sure to do your money management and execute your stop strategies!!

Happy Trading!!

 


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