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Daily Currency Strength and Weakness Analysis
NZD is the strongest currency, flattening a bit during the night.
JPY is the weakest currency, strongly weakening again after it tried to strengthen this week.
Ideal currency pairs seems to be:
NZDJPY (Long), AUDJPY (Long), EURJPY (Long), CADJPY (Long), CHFJPY (Long)
Traders Note: Yesterday afternoon was a prime example of our believe as traders; ANYTHING CAN HAPPEN! This is the biggest reason why we spend so much time on money management and risk profiling. I was looking at the market when the sudden change happened and could take great advantage of the opportunities… However, I sat up till late last night watching and managing my trades resulting in over $200 profit. I am still in some of the trades, although I have closed partially on all. Pocketing profit and leaving small positions to run.
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