Daily Currency Strength and Weakness Analysis

EUR is the strongest currency, strengthening again after its weakness.
CHF is the 2nd strongest currency, continuing its upward trend.
NZD is the 3rd strongest currency, robust again.
USD is the 4th strongest currency, strengthening nicely.

JPY is the weakest currency, falling into weakness yesterday.
AUD is the 2nd weakest currency, continuing its bearish trend.
GBP is the 3rd weakest currency, weakening sharply yesterday.
CAD is the 4th weakest currency, trying hard to strengthen into the stronger side.

Ideal Currency Pairs seem to be:

EURJPY (Long), EURGBP (Long), EURAUD (Long), AUDCHF (Short), CHFJPY (Long), GBPCHF (Short) and USDGBP (Long)

Traders Note, the market never runs in a straight line. The pull-backs almost seem to be like breaths they take to continue in their directions. But sometimes it is not a breath to continue but to change direction and this is where the risk and emotions tend to bounce us all over the place…If you trade with a low trading volume these breaths don’t affect you so badly. So do your money management and the correct position sizing!

Happy Trading!!

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Forex Risk Warning