Daily Currency Strength and Weakness Analysis
EUR is the strongest currency, after its sudden strength it is flat this morning, even slightly negative.
NZD is the 2nd strongest currency, sideways after its sudden weakness.
AUD is the 3rd strongest currency, flat but steady through all the turmoil last week.
CAD is the 4th strongest currency, emulating the AUD also flat but steady.
CHF is the 5th strongest currency, continuing its weakness after its short lived rally.
USD is the 6th strongest currency, edging down into weakness at a snail’s pace, interrupted by short lived strengthening.
GBP is the 7th weakest currency, continuing its downward effort.
JPY is the weakest currency and had us all on the edge of our seats the end of last week. It is showing some strength now, however it looks like its bearish trend will continue.
Ideal Currency pairs seems to be:
EURJPY (Long), NZDJPY (Long), AUDJPY (Long), CHFJPY (Long) and CADJPY (Long)
Traders Note: Due to the JPY there are a few beautiful trends in the market and our RT strategy would have made good pips. As always keep a close eye on your trades and remember to do your money management!
RIDE THE WAVE MY TRENDING TRADERS…