Daily Currency Strength and Weakness Analysis

EUR is the strongest currency, a bit flat after the last week’s serious weakness.
CHF is the 2nd strongest currency, showing some solid strength for the beginning of the week.
NZD is the 3rd strongest currency, flat after its losses.
USD is the 4th strongest currency, opening with some weakness.

JPY is the weakest currency, still looking very bullish, continuing its run from last week.
AUD is the 2nd weakest currency, flat after the week’s bearish trend.
GBP is the 3rd weakest currency, sideways after last week’s sudden strength.
CAD is the 4th weakest currency, losing ground again.

Ideal Currency Pairs seem to be:

AUDCHF (Short)

Traders Note: As this is the beginning of the week again, I usually just sit and watch to see if the market is going to return to the old trends or if some new ones will be showing up… on the short term analysis I see that JPY is showing some weakness and EUR is showing some strength. This is not a reason to jump in and trade, however… watch the chart, there might be a surprise waiting for us!

Happy Trading!

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