Daily Currency Strength and Weakness Analysis

EUR is still the strongest currency, showing slight weakness this morning.
CHF is the 2nd strongest currency, retracing into some weakness.
NZD is the 3rd strongest currency, robust in its performance since yesterday.
USD is the 4th strongest currency, weakening a bit.

JPY is the weakest currency, showing sudden strength after yesterday’s weakness.
GBP is the 2nd weakest currency, falling further into weakness.
AUD is the 3rd weakest currency, sideways for 2 days now.
CAD is the 4th weakest currency, still trying to strengthen.

Ideal currency pairs seem to be:

GBPNZD (Short), EURJPY (Long), EURGBP (Long), GBPCHF (Short), CHFJPY (Long) and NZDJPY (Long)

Traders note: Watch today for new entries into the JPY pairs should the JPY decide to weaken some more. On the short term view most of the currencies are flat so far… will have to wait and see.

Happy Trading!!

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