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Daily Currency Strength and Weakness Analysis
EUR is the strongest currency, breaking old highs as it continues in strength.
JPY is the weakest currency, losing ground after it keeps trying to strengthen.
Ideal currency pairs seems to be:
EURJPY (Long), CHFJPY (Long), EURCAD (Long), CHFCAD (Long) and AUDCHF (Short)
Traders note: If you have been sitting out the trends the JPY has caused, well done!! If not, donÂ’t feel ashamed, it was not an easy ride so far! The fact that CAD is continuing its downward trend gives us some opportunities and if the GBP resumes its downward trend even more trades will pop up. But as we know, only time will tell.
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