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Daily Currency Strength and Weakness Analysis
EUR is the strongest currency, continuing its bullish run.
JPY is the weakest currency, continuing its downward spiral from yesterday.
Ideal currency pairs seems to be:
EURJPY (Long), NZDJPY (Long), CHFJPY (Long), EURAUD (Short), AUDNZD (Short) and AUDCHF (Short).
Traders Note: NZDÂ’s strength is not reliable, so be aware when you trade it for now, it has a tendency to follow AUD so we need to be careful. EURÂ’s strength is reliable but be careful of JPYÂ’s weakness as it keeps bouncing back with new vigor. So as always, keep your stops close and you money management tight!
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