Daily Currency Strength and Weakness Analysis

EUR is the still the strongest currency; however it is starting to trend downwards.
NZD is the 2nd strongest currency, advancing at a strong pace.
CHF is the 3rd strongest currency, losing some ground yesterday.
USD is the 4th strongest currency, continuing its slow decent into weakness.
CAD is the 5th strongest currency, moving up at a bit slower pace than yesterday.

JPY is the weakest currency, the instability is very apparent as it seems the world is a t a tug of war with Japan over it pushing the value of the JPY down.
GBP is the 2nd weakest currency, still on its bearish run.
AUD is the 3rd weakest currency, strengthening since yesterday.

Ideal currency pairs seem to be:

GBPNZD (Short) and GBPCAD (Short)

Traders note: The EUR is struggling to keep its position as strongest currency having shorter bullish runs every time. There are serious players busy in the world economy at the moment trying to bring in new policies that will affect the currencies directly. Hope it will be for the best and bring some stability to our markets.

Happy trading!!

Back Back to top

Forex Risk Warning